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

Mar 9, 2026

DUBAI/JERUSALEM, March 9 – 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.

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