by Peter Schiff, Schiff Gold:

Amid ongoing tension in the Middle East, Iranian President Ebrahim Raisi and the foreign minister have been confirmed dead Monday after a helicopter crash. The officials’ shocking demise casts additional investor doubt on a region already plagued by economic upheaval, with supply chain uncertainties fueling record-high metal prices this week.

Inside Iranian borders, the president’s death has sparked mixed reactions from public mourning to open celebration, reflecting a sharpening of regional opinion divides. Attempts to make predictions about the country’s economic and political future are further clouded by gaps in the governmental leadership succession plan. Raisi held multiple consequential positions within the government that must now be filled by voters who are turning out in record-low numbers.