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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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Azerbaijan's President Claims Russian Forces Unintentionally Shot Down Jetliner


In a recent statement, Azerbaijan's President Ilham Aliyev announced that the Azerbaijani airliner which crashed last week was unintentionally shot down by Russian forces. The tragic incident occurred over Russian airspace, resulting in the death of 38 out of 67 passengers on board.

President Aliyev told state television that the aircraft was hit by ground fire and rendered uncontrollable due to electronic warfare. He emphasized that the crash was not deliberate but criticized Russia for attempting to cover up the incident for several days.

The Kremlin confirmed that Russian air defense systems were active near Grozny, Chechnya, to counter a Ukrainian drone strike at the time of the crash. Russian President Vladimir Putin has since apologized to Aliyev, calling it a "tragic incident" but stopped short of admitting responsibility.

Aliyev has demanded an official apology, admission of guilt, and compensation for the victims and their families. The international community continues to monitor the situation closely as investigations proceed.



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