A nice summary by Frank Gardner, a security correspondent for the BBC. What could happen if the US strikes Iran? Here are seven scenarios. Of course there is an eighth option–Iran capitulates, at least publicly. Without a regime change, it is highly likely that Iran will attempt to develop its nuclear program in secret, in another location. Regardless of how the situation plays out, there will be an extended period of “unknowns” in the region. For investors, the unknown and fear of it has historically benefitted defense stocks. Since additional US naval assets have moved in the region, we’ve noticed inflows into “PPA” the defense ETF that tracks our SPADE Defense Index and its share price again reaching all-time high levels.