The sudden death of Iranian President Ebrahim Raisi in a helicopter crash on May 20, 2024, is likely to have significant political and economic implications for Iran and the Middle East. The possible effects on the market could be:

- *Power Struggle*: Raisi's death may trigger a high-stakes power struggle within Iran, which could lead to political instability and impact the economy.

- *Regional Tensions*: The sudden absence of a key political figure like Raisi could disrupt the delicate balance of power within Iran and beyond, potentially leading to increased regional tensions.

- *Market Volatility*: The news of Raisi's death may lead to market volatility, as investors react to the uncertainty and potential implications for the region.

- *Oil Prices*: As Iran is a major oil producer, any instability or tensions in the region could impact oil prices and the global energy market.

- *Geopolitical Risks*: The death of Raisi may increase geopolitical risks, potentially leading to a re-evaluation of investment strategies and risk assessments in the region.