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President’s death makes Iran even less predictableIranian President Ebrahim Raisi attends a meeting with Azerbaijan's President Ilham Aliyev on the Azerbaijan-Iran border, May 19, 2024. Iran's Presidency/WANA (West Asia News Agency)/Handout via REUTERS
The Middle East’s key generator of instability just got even harder to read. As demonstrated by its recent missile attacks on Israel, Iran is one of the main reasons why global investors hesitate to commit too much capital to the region. The death of President Ebrahim Raisi in a Sunday helicopter crash amps up this uncertainty.