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Mojtaba Khamenei Named Iran’s New Supreme Leader as War Drives Oil Above $100. Iran has named Mojtaba Khamenei as the country’s new supreme leader, succeeding his father, Ali Khamenei, who was killed during the opening phase of the recent U.S.-Israeli strikes on Iran. The decision was announced by Iran’s Assembly of Experts, a powerful clerical body responsible for selecting the nation’s top leader. Mojtaba Khamenei, a cleric with strong ties to Iran’s security forces and influential business networks, now holds ultimate authority over the country’s political and military affairs. His appointment signals that hardline leadership will likely continue in Tehran as the conflict in the region intensifies. Meanwhile, the expanding war has rattled global markets. Oil prices surged past 100 dollars a barrel amid fears of supply disruptions, particularly around the strategic Strait of Hormuz. Iran has launched retaliatory strikes across the region, while the United States has begun pulling non-essential diplomatic staff from several Middle Eastern countries as tensions continue to escalate.
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