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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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Carney Government Secures Crucial Budget Victory

Prime Minister Mark Carney and Minister of Finance and National Revenue Francois-Philippe Champagne applaud following a vote on the federal budget on Parliament Hill in Ottawa, Monday, Nov. 17, 2025.

The Carney government has successfully survived a confidence vote on its federal budget, ensuring the administration remains in power and its fiscal plan moves forward. The vote, seen as a critical test of the government’s stability, passed after tense debate in Parliament, with opposition parties pressing hard against key spending measures.

By winning the confidence motion, Prime Minister Carney’s team has reinforced its mandate to implement economic policies aimed at growth and fiscal responsibility. Analysts suggest the outcome will provide short-term stability, though challenges remain as the government faces scrutiny over rising costs and long-term debt management.

The victory signals that, for now, the Carney government retains enough parliamentary support to continue governing, while setting the stage for further political battles over upcoming legislation.



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