{
  "v30.1_knowledge_graph": {
    "meta": {
      "target": "Islamic Republic of Iran - Geopolitical & Credit Risk Audit",
      "generated_at": "2026-02-28T14:00:00Z",
      "model_version": "Adam-v30.1-Apex-Liquid"
    },
    "apex_credit_floor": {
      "leverage_ratio": "N/A (Sovereign Default Imminent)",
      "snc_rating": "Substandard",
      "fcf_to_debt_ratio": "-14.2% (Interpolated)",
      "covenant_headroom": "0% (Technical Default via Sanctions)"
    },
    "liquid_dynamics": {
      "trend_velocity": "Decelerating (Freefall)",
      "supply_chain_viscosity": "0.92 (Extreme friction in energy/tech flows)",
      "black_swan_amplitude": "85% (Active Kinetic Conflict)"
    },
    "valuation_matrix": {
      "intrinsic_value": 0.00,
      "terminal_value_floor": "Liquidation/Regime Change Value",
      "wacc": "42.5% (Hyper-inflationary risk)",
      "quantum_adjusted_target": "Near-Zero (Equity Wipeout Risk)"
    },
    "strategic_synthesis": {
      "recommendation": "Strong Sell",
      "conviction_score": 9.8,
      "deterministic_gate": "Triggered by IDF Preemptive Strike (Feb 28, 2026) + 1M Rial/USD Currency Collapse",
      "reasoning_trace": [
        "1. Deterministic Floor Collapse: The IDF launch of preemptive strikes on Tehran (Feb 28, 2026) collapses the sovereign credit floor. Shared National Credit (SNC) rating is downgraded to Substandard/Doubtful due to zero repayment capacity under total blockade.",
        "2. Liquid Trend Decay: Neural ODE analysis of the Rial shows terminal velocity; the currency crossed the 1,000,000:1 USD threshold, vaporizing domestic purchasing power and fueling the 'Phase II' protest wave.",
        "3. Quantum Risk Realization: The 'Succession Qubit' has collapsed from Mojtaba Khamenei toward an IRGC Military Junta led by Ali Larijani/Ghalibaf as 'Crisis Managers' following decapitation threats. This shifts risk from 'Political Instability' to 'Total Regional Attrition'.",
        "4. Supply Chain Viscosity: 2nd-order impact on global markets via the Strait of Hormuz 'Smart Control' exercises threatens 20% of global oil flow, creating a 'Stagflationary Amplitude' for global portfolios."
      ]
    }
  }
}