Reuters: Iran's Supreme leader Ayatollah Ali Khamenei is dead.

Let's see if this leads to 1) a planned succession, like in Venezuela, 2) a secular, Ataturk-style revolution, or 3) complete civilizational collapse in Iran. I would give it 90/10/0.01 percent odds for those three possibilities.

Will the IRGC sink ships in the Strait of Hormuz? Will they set the Saudi oil fields ablaze? All I know is that somewhere in hell, Dick Cheney and Henry Kissinger are smiling up at us.