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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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Trump’s Trade Twist: New Reciprocal Tariffs Aim to Level the Global Playing Field

President Donald Trump has signed a memorandum outlining a plan to impose reciprocal tariffs on all nations that levy duties on U.S. imports. The new policy is designed to “charge them exactly what they charge us” in an effort to create a fairer trading environment for American industries and workers.

Under this initiative, U.S. trade officials will study tariff and non-tariff barriers country by country before recommending specific rates. The implementation of these tariffs is expected to roll out gradually over the coming weeks or months, rather than taking effect immediately. Trump defended the move as a necessary step to end what he calls an “unfair system” that has long disadvantaged the United States in global trade battles.

Critics, however, warn that the new measures could increase costs for consumers and disrupt supply chains, potentially adding to inflationary pressures. Some analysts believe that by encouraging other countries to lower their own duties in a reciprocal fashion, the overall impact on global trade might be less severe than expected. Regardless, this latest action marks another bold escalation in Trump’s long-running trade war strategy, with key partners such as Canada, Mexico, and China poised to feel its effects.


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