US EditionEnergy Prices Soar to Levels Not Seen in Years as Iran Names New Supreme Leader and Digs In
Mojtaba Khamenei’s appointment ensures hard-line leadership amid regional war that has pushed Brent crude oil prices over $114 a barrel, a 60% rise since conflict began.
- On Monday, Iran's Assembly of Experts named Mojtaba Khamenei, son of the late supreme leader, as the country's next supreme leader, describing him as even more hard-line.
- Following the death of Ayatollah Ali Khamenei on Feb. 28, top clerics in the Assembly of Experts apparently voted for continuity to prosecute the ongoing war, selecting a long-considered successor.
- Iran's strikes on energy infrastructure prompted fires at Fujairah, United Arab Emirates, and Bahrain's only oil refinery, wounding 32 people in Bahrain as Brent crude surged to nearly $120 a barrel on Monday.
- Bahrain's state oil company declared force majeure on its oil shipments Monday, while the U.S. State Department ordered departures from Saudi Arabia and eight other missions.
- Looking ahead, analysts warn Mojtaba Khamenei could pursue a nuclear weapons path given Iran still holds highly enriched uranium, with Israel and Trump calling him a potential target.
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55 Articles
Capital Gazette
Iran names Khamenei’s son to succeed him, signaling no letup in war as oil prices surge
By JON GAMBRELL, DAVID RISING and SAMY MAGDY DUBAI, United Arab Emirates (AP) — Iran named the hard-line Ayatollah Mojtaba Khamenei to succeed his late father as supreme leader on Monday, signaling no letup in the war launched by the United States and Israel. Oil prices surged as Iran attacked regional energy infrastructure and the U.S. and Israel bombed targets across Iran. Related Articles Ravens Hall of Famer Ed Reed responds to…
In addition to oil prices, financial markets have also suffered from developments in the Middle East.
NBC Chicago
Oil prices soar; Iran names new supreme leader and launches more attacks
What to KnowMojtaba Khamenei, the son of Iran’s slain supreme leader, has been named his successor. The price of oil surged past $100 for the first time in four years as the U.S.-Israeli war on Iran intensified, threatening production and shipping in the Middle East.The U.S. military announced another service member’s death, bringing the combat death toll to seven.Iranian Foreign Minister Abbas Araghchi rejected calls for a ceasefire, telling NB…
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