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Oil prices jump and markets slide as Iran names new supreme leader and digs in - AP News
Overview
Global markets reacted to Mojtaba Khamenei’s appointment amid fears of sustained instability and supply disruptions. The new reporting that he may be alive but not exercising real authority, with the IRGC effectively in control, heightens uncertainty about policy direction and could prolong market volatility if the Guard asserts harder-line or more militarized approaches. Visible signs of a power shift to the IRGC increase the risk of unpredictable actions affecting regional energy flows.
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ORGAP NewsLOCIranLOCUnited Arab Emirates
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