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Mojtaba Khamenei’s Rise Sparks Market Turmoil as Hardliners Mobilize

People attend a gathering to support Iran's new supreme leader Mojtaba Khamenei, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 9, 2026.  Iran’s hardline factions mounted a powerful show of support for newly appointed Supreme Leader Mojtaba Khamenei , rallying across Tehran in a display that signaled a tightening of conservative control and diminished hopes for de-escalation in the Middle East.  The demonstrations, marked by mass gatherings and imagery linking Mojtaba to his late father, Ayatollah Ali Khamenei, underscored the regime’s consolidation at a moment of heightened regional conflict.  Analysts warn that the hardliners’ unified backing suggests Iran is unlikely to soften its stance amid ongoing tensions with the U.S. and Israel. Global markets reacted sharply. Fears that prolonged instability could further disrupt energy supplies sent oil prices soaring and triggered steep declines in major stock indices. With one of the most significan...
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U.S. Consumer Prices Rise More Than Expected in December; Weekly Jobless Claims Fall

 

The U.S. consumer prices rose more than expected in December, according to a recent report by the Labor Department’s Bureau of Labor Statistics. The Consumer Price Index (CPI) rose 0.3% last month after nudging up 0.1% in November

The cost of shelter accounted for more than half of the increase in the CPI. In the 12 months through December, the CPI rose 3.4% after increasing 3.1% in November. This increase was higher than the 0.2% on the month and 3.2% on a year-on-year basis that economists polled by Reuters had forecasted.

In addition, the report also stated that weekly jobless claims fell. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 205,000 for the week ended Dec. 18, the Labor Department said.

This report could delay a much anticipated interest rate cut in March from the Federal Reserve. With the resilient labor market keeping wage growth elevated, some economists expect a rate cut in May or June.


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