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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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Ontario to Implement 25% Energy Surcharge on U.S. Amid Trade Tensions


Ontario Premier Doug Ford has announced that the province will impose a 25% surcharge on electricity exports to the United States starting Monday. This move comes as a response to U.S. President Donald Trump's recent tariffs on Canadian goods, despite a 30-day pause on tariffs for certain sectors.

The surcharge will affect electricity supplied to three U.S. states—New York, Michigan, and Minnesota—impacting approximately 1.5 million homes and businesses. Premier Ford emphasized that this decision was not taken lightly but is necessary to counteract the economic strain caused by the U.S. tariffs. He also hinted at the possibility of further measures, including restricting electricity exports entirely if the tariffs persist.

The trade dispute has escalated tensions between the two nations, with Canada also implementing retaliatory tariffs on American products. Both Ford and Prime Minister Justin Trudeau have expressed their commitment to defending Canadian interests while urging the U.S. to reconsider its stance.

The surcharge highlights the growing economic and political challenges in the cross-border relationship, as both sides navigate the complexities of trade and energy policies.

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