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Energy Prices Soar to Levels Not Seen in Years as Iran Names New Supreme Leader and Digs In

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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132 Articles

Oil prices spike as war threatens transport, production

Oil prices continued to soar on Monday as the Iran war intensified, threatening production and shipping in the Middle East and straining energy supplies worldwide.

1 day ago

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Dawn

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SRI

Lean Left

Oil prices go haywire as Iran welcomes new supreme leader

US president calls Mojtaba’s appointment "bad idea"; says war could be "over soon".

2 days ago·Pakistan

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News15 | Lafayette, LA

Center

Iran names new leader; another U.S. servicemember dies in conflict

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

2 days ago

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bridportnews.co.uk

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Center

Iran names ex-supreme leader’s son to succeed him as war sends oil price soaring

Brent crude oil, the international standard, surged to just under 120 dollars a barrel on Monday, about 65 higher than when the war started.

2 days ago

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Deep State Radio Network

Center

DSR Daily March 9: Iran Names New Supreme Leader - The DSR Network

On the DSR Daily for Monday, we discuss the naming of Mojtaba Khamenei as the new supreme leader of Iran, Trump warning of imminent action against Cuba, Trump claiming he won’t sign any new bills until the SAVE America Act passes, and more.

2 days ago

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