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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 Will Defend Itself, Netanyahu Says, Amid Calls for Restraint


In the wake of Iran’s unprecedented missile and drone attack, Israeli Prime Minister Benjamin Netanyahu has asserted that Israel will make its own decisions regarding how to respond. This statement comes despite pleas from Western countries urging restraint. The situation has escalated tensions in the region, with world powers striving to prevent further conflict.

The recent attacks by Iran involved hundreds of missiles and drones, marking the first time Iran has directly targeted Israel after decades of proxy confrontations. The strikes were in response to a presumed Israeli airstrike on Iran’s embassy compound in Damascus, which resulted in casualties among Iranian officers. Israel’s military successfully intercepted most of the missiles and drones, causing minimal damage and no fatalities. However, Israel maintains that it must retaliate to uphold the credibility of its deterrents.

British Foreign Minister David Cameron, during his visit to Jerusalem, emphasized the need for Israel to act in a way that minimizes escalation. Western governments are also considering economic sanctions against Iran to influence Israel’s response. The Group of Seven democracies is discussing coordinated sanctions, and the United States plans to impose new sanctions targeting Iran’s missile and drone program. European Union foreign policy chief Josep Borrell has similarly called for expanded sanctions against Iran.

As the situation unfolds, Israel’s war cabinet, including centrist rivals brought into the government after Hamas attacked Israel, will convene to discuss the country’s response. The international community watches closely, hoping for a de-escalation while recognizing the delicate balance between self-defense and restraint in this volatile context.



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