Iran’s New Hardline Leader: Oil Prices Surge as Strait of Hormuz Threatened
Iran has officially appointed Mojtaba Khamenei as its modern Supreme Leader, following the death of his father, Ayatollah Ali Khamenei, in a U.S.-Israeli strike. The move has sent shockwaves through global markets, with crude oil prices surging to over $120 a barrel on Monday – the highest level since 2022, according to reports. This increase … Read more