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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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Power begins to return after huge outage hits Spain and Portugal, Cause Still Unclear

 

Power has been almost fully restored across Spain and Portugal following one of the most significant blackouts in European history. The outage, which began on April 28, 2025, disrupted daily life for millions, grounding flights, halting metro systems, and leaving cities in darkness. By early April 29, over 99% of energy demand in Spain and all power substations in Portugal were back online.

Despite the restoration efforts, the root cause of the blackout remains a mystery. Initial investigations have ruled out cyberattacks and sabotage, with experts pointing to potential anomalies in the interconnected European power grid. Spanish and Portuguese authorities continue to work closely with energy operators to determine the exact sequence of events that led to the unprecedented outage.

As life returns to normal, questions linger about the resilience of the region's power infrastructure and the measures needed to prevent future disruptions. For now, the Iberian Peninsula breathes a sigh of relief as lights flicker back on and daily routines resume.

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