Iran Names New Supreme Leader as War Spreads and Oil Prices Surge

Iran names new supreme leader as war spreads and oil prices surge

Oil prices have jumped past $100 a barrel, raising concerns about global energy supplies.

Oil prices and markets seesaw over uncertainty of war as Iran names new leader

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, signaled that Iran was digging in…

The Latest: Oil prices soar after Iran names new supreme leader and launches more attacks - The Morning Sun

Iran launched more attacks on Israel and Gulf countries Monday, hours after Iranian state TV said Mojtaba Khamenei, son of the country’s late supreme leader and long considered a contender, had been named his successor. Iran’s powerful paramilitary Revolutionary Guard answers to the supreme leader and the younger Khamenei will have a central say in the war strategy. Oil prices skyrocketed Monday, leading to more worries that higher energy costs …

The Latest Oil prices soar after Iran names new supreme leader and launches more attacks

Oil prices soar to almost $120 per barrel after naming of Iran’s new supreme leader - Newsy People

Oil prices surged close to $120 per barrel on Monday, March 9, following Iran’s announcement of a new supreme leader, before later retreating to around $106.23 per barrel.     The appointment of Mojtaba Khamenei signaled the continued dominance of hardline leadership in Tehran, raising fears of prolonged disruption to shipping through the Strait of Hormuz and sending shockwaves through global financial markets.     Brent crude, the global oil be…