March 9, 2026
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1:10Now PlayingIran chose Mojtaba Khamenei, the hardline son of the assassinated Ayatollah Ali Khamenei, as its new supreme leader, signaling Tehran won’t back down in a war now raging across the Middle East and causing a surge in energy prices. #iran #politics #trump #worldnews #israel #usa
The choice was quickly criticized by US President Donald Trump, who is under mounting pressure as oil prices rise to near four-year highs and fears grow of a new inflation crisis.
The effective closure of the Strait of Hormuz has forced Saudi Arabia, the world’s biggest oil exporter, to reduce production, according to a person familiar with the matter. That follows similar moves by the United Arab Emirates, Kuwait and Iraq.
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