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

Summary

Iran has appointed Mojtaba Khamenei as the new supreme leader amid escalating US-Israeli conflict that has pushed oil prices above $100 a barrel.

Key Points
  • Mojtaba Khamenei has been named as the new supreme leader of Iran, succeeding his father Ali Khamenei.
  • The US-Israeli conflict with Iran has caused oil prices to surge above $100 per barrel due to fears of supply disruptions.
  • The appointment signals that hardliners remain in control of Iran's leadership amidst escalating regional tensions.
  • US President Donald Trump has threatened to challenge Mojtaba's legitimacy, while Israel has vowed to continue targeting Iranian leadership.
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