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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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Israel Bolsters Defenses Amid Rising Tensions with Iran

 

The recent demolition of Iran’s consulate in Damascus, Syria, has escalated tensions between Israel and Iran. The strike, attributed to Israel, resulted in the deaths of seven people, including two Iranian generals. In response, Iran has vowed revenge, setting the stage for potential conflict in the region.

The Israeli military has taken precautionary measures to counter any potential retaliation. Combat units have been placed on high alert, with leave temporarily paused. The deployment of forces is continuously assessed, reflecting the seriousness of the situation. Additionally, reservists have been drafted to bolster aerial defenses.

Residents in Tel Aviv reported disruptions in GPS services, likely an effort to thwart guided missile attacks. Israel remains vigilant, aware that further escalations could occur.

Iran, which has avoided direct involvement in the conflict until now, faces a critical decision. Amos Yadlin, a former Israeli intelligence chief, suggests that Iran may choose to respond on Friday – the last day of Ramadan and Jerusalem Day. Whether directly or through proxies, Iran’s retaliation could have significant consequences.

Israel’s ongoing conflict with Hamas and frequent exchanges of fire with Iran-backed Hezbollah in Lebanon add complexity to the situation. As tensions rise, the region holds its breath, awaiting the next move.

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