Khamenei's hardline son Mojtaba appointed Iran's new leader; oil surges on supply fears

2026-03-09 - 10:33

Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signalling that hardliners remain firmly in charge, while the week-old U.S.-Israeli war with Iran sent oil prices surging and Asian stock markets into a nosedive.