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Create Free AccountKamal Kharazi, head of Iran’s Strategic Council on Foreign Relations and a senior advisor to the Supreme Leader, was critically injured in a US-Israeli airstrike targeting his residence on Wednesday. The attack, which also resulted in the death of Kharazi’s wife, marks a significant escalation in the targeting of Iran’s political and diplomatic leadership. Reports suggest that Kharazi was overseeing sensitive backchannel communications with US Vice President JD Vance via Pakistani mediators to explore a potential ceasefire. This development is expected to severely undermine diplomatic prospects and heighten geopolitical risk premiums across global markets. Financial markets are closely monitoring the impact on Gold (XAU/USD) and Crude Oil prices as regional tensions surge. Investors remain on high alert for any retaliatory measures that could further disrupt regional stability and global energy security.