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Geopolitics returned to the forefront over the weekend as the U.S. and Israel launched joint strikes on Iran, killing Iran's Supreme Leader Ali Khamenei and a number of military leaders.

Over the past several days, markets have been digesting the impact of coordinated military action by Israel and the United States against Iran, along with the possibility that operations could continue for some time.

Geopolitics returned to the forefront over the weekend as the U.S. and Israel launched joint strikes on Iran, killing Iran's Supreme Leader Ali Khamenei and a number of military leaders.

Markets finished the holiday-shortened week modestly higher as investors digested a major U.S. Supreme Court ruling that reset the administration’s tariff playbook—an important development that helped ease some near-term trade uncertainty even as policy headlines remain fluid.