Chair of Security, Terrorism and Counter-Terrorism Studies at Murdoch University Samuel Makinda told Upstream the news was a big achievement for the Obama administration and US security and intelligence services.

“It’s not that he was doing a lot of harm to them but he was a symbolic figure and his role was to inspire,” he said.

CMC Markets chief analyst Ric Spooner said it was not clear that bin Laden's death would lead to a change in geopolitical risk.

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