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Iran names Khamenei's hardline son Mojtaba as new supreme leader, oil surges

Iran names Khamenei's hardline son Mojtaba as new supreme leader, oil surges

13 Sept 13:38 Key points summarised by AI
  • **Mojtaba Khamenei Appointed Supreme Leader**: Iran's Assembly of Experts decisively named Mojtaba Khamenei as the new Supreme Leader, succeeding his father Ali Khamenei, signaling continued hardline control amid escalating regional conflict.
  • **Oil Prices Surge Amid Conflict**: The ongoing U.S.-Israeli war with Iran has driven oil prices past $100 a barrel, with U.S. crude and Brent soaring by 20% and 17% respectively, fueling global economic concerns over tighter supply and disruptions.
  • **International Tensions Escalate**: The appointment draws strong reactions from the U.S. and Israel, with President Trump asserting Washington's right to influence the selection, while Iran's leadership pledges defiance and rejects calls for a ceasefire.
  • **War Enters "Dangerous New Phase"**: The conflict intensifies with strikes on Tehran's oil storage facilities, continued targeting of Iranian officials by Israel, and the U.S. ordering the departure of non-emergency embassy staff from Saudi Arabia and other regional nations.
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