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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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Sunoco Acquires Parkland in $9 Billion Deal, Reshaping Fuel Distribution in the Americas

In a major move within the fuel supply industry, Sunoco LP has announced its acquisition of Canada-based Parkland Corp. in a deal valued at approximately $9.1 billion, including debt. This transaction positions the combined entity as the largest independent fuel distributor in the Americas.

The acquisition follows Parkland’s strategic review, initiated in March, after pressure from its largest shareholder, Simpson Oil, which holds nearly 20% of Parkland’s shares. As part of the agreement, Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units per share. The deal is expected to close in the second half of the year and is projected to generate over $250 million in synergies by the third year.

Sunoco has committed to maintaining Parkland’s Burnaby Refinery, which produces low-carbon fuels, ensuring long-term fuel supply to Canada’s Lower Mainland region. Additionally, Sunoco will establish SUNCorp LLC, a new publicly traded entity that will hold limited partnership units equivalent to Sunoco’s common units.

This acquisition marks a significant consolidation in the fuel supply sector, reinforcing Sunoco’s presence across North America while securing Parkland’s future in the evolving energy landscape.



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