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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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Rocket Strike Halts Iraq’s Key Gas Facility, Sparks Widespread Power Cuts

 

                                    Khor Mor gasfield after a drone attack on November 26, 2025
                                            

A rocket attack late Wednesday night struck the Khor Mor gas field in Iraq’s Kurdistan region, forcing production to shut down and triggering widespread power outages across the area. The strike hit a storage tank at the facility, one of the largest gas fields in northern Iraq, according to joint operator Dana Gas.

Authorities confirmed that no casualties were reported, but the disruption has left large parts of the Kurdistan region without electricity. The Khor Mor field is a critical supplier of natural gas used for power generation, and its sudden shutdown has had immediate consequences for the regional grid.

The attack is the most significant since a wave of drone strikes in July, which reduced oil output in the Kurdistan region by around 150,000 barrels per day. While the latest strike has not impacted oil exports, the halt in gas production underscores the vulnerability of Iraq’s energy infrastructure to repeated assaults.

Local officials have launched an investigation to identify the perpetrators, though no group has claimed responsibility. Security forces are working to assess the damage, and the Kurdistan Region’s Electricity Minister has indicated that power could be restored within 24 to 48 hours if the damage is confined to fuel storage units.

The incident highlights ongoing instability in Iraq’s energy sector, where attacks on oil and gas facilities have become increasingly frequent. With the Khor Mor field supplying much of the region’s electricity, the strike has raised concerns about both energy security and the broader geopolitical tensions that continue to affect Iraq’s Kurdistan region.

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