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Iran hardliners rally behind new leader, unsettling global markets

Mojtaba Khamenei's rise, backed by Iran's security forces, aims to ensure regime continuity amid war, triggering global oil surges and market turmoil, with Brent crude up 6.55%, sources say.

Summary by Asharq AL-Awsat
Iran's hardliners staged a show of force on Monday, taking to the streets to proclaim their loyalty to new Supreme Leader Mojtaba Khamenei, whose rise appeared to dash hopes of ​a swift end to war in the Middle East causing havoc on global markets. The prospect that one of the most severe disruptions ever to hit global energy supplies could last longer than previously expected sent oil ‌prices surging in record leaps and stock markets into a nosedive.
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On Monday afternoon, several Iranian cities witnessed large crowds taking to the streets to pledge allegiance to the new Supreme Leader, Ayatollah Mojtaba Khamenei, who assumed his duties by a decision issued by the Assembly of Experts following the assassination of his father.

·Amman, Jordan
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  • 56% of the sources are Center
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Asharq AL-awsat broke the news in Riyadh, Saudi Arabia on Monday, March 9, 2026.
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