Political hardliners have swiftly rallied behind Mojtaba Khamenei after he was named Iran’s new supreme leader. Thoughts now turn to how he will steer Iran through one of its biggest crises in its modern history and what his first move will be.
The US-Israel war with Iran has sent global oil prices past $100 per barrel, the first time it crossed that mark since Russia’s 2022 invasion of Ukraine. The surge was triggered by concerns the conflict would lead to prolonged restrictions on the flow of oil around the globe.
Israel’s attacks on Iran’s energy resources and fuel storage sites have pushed the war into a “new phase,” a senior Iranian official has warned, and threatened retaliatory strikes…