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Oil Prices Jump, Markets Slide as Iran Names New Leader

Mojtaba Khamenei's appointment as supreme leader coincided with strikes on oil infrastructure, causing oil prices to surge and stock markets to decline, increasing geopolitical risks.

DUBAI, United Arab Emirates — Oil prices surged and stock markets slid Monday after hard-line Ayatollah Mojtaba Khamenei was chosen to succeed his late father as Iran's supreme leader. His appointment, and new strikes on regional oil infrastructure, signaled that…

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St Louis Post-Dispatch broke the news in St. Louis, United States on Tuesday, March 10, 2026.
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