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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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Trade Tensions Escalate: China and Canada Strike Back at U.S. Tariffs


In a dramatic escalation of global trade tensions, China and Canada have swiftly retaliated against the sweeping tariffs imposed by former U.S. President Donald Trump. The U.S. recently enacted a 25% tariff on most imports from Canada and Mexico, alongside a 10% increase on Chinese goods, doubling the existing duties to 20%.

China responded by imposing tariffs of up to 15% on key U.S. agricultural products, including chicken, wheat, and corn, while Canada announced immediate tariffs of 25% on $20.7 billion worth of American goods, with plans to expand these measures further. Canadian Prime Minister Justin Trudeau condemned the U.S. actions, calling them unjustified and a violation of trade agreements.

These retaliatory measures are expected to disrupt supply chains and increase costs for businesses and consumers, further straining the already fragile global economy. The trade war shows no signs of abating, with all sides digging in for what could be a prolonged economic standoff.

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