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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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NATO Downs Second Iranian Missile Over Turkey

 

Debris of a NATO air defence system that intercepted a missile launched from Iran is seen in Dortyol, in southern Hatay province, Turkey, March 4, 2026 .


Turkey has confirmed that NATO air defences intercepted a second ballistic missile launched from Iran, marking the second such incident in less than a week. The missile entered Turkish airspace before being shot down over the southern region near Gaziantep, according to multiple defence statements. 

What Happened

  • The Turkish Ministry of Defence reported that NATO systems in the eastern Mediterranean successfully neutralized the incoming missile. Debris fell in Gaziantep province, but no casualties or major damage were reported.
  • This follows a similar interception days earlier, underscoring rising tensions as Iran continues retaliatory strikes amid the broader U.S.–Israel conflict. 

Regional and International Response

  • Turkey warned it would take “necessary steps without hesitation” against any threat to its airspace, signaling heightened alertness. 
  • NATO reiterated its readiness to defend all allies, emphasizing that this was the second missile intercepted in five days. 
  • The U.S. has urged its citizens to leave southeast Turkey due to escalating security concerns. 

Why It Matters

The repeated missile incidents highlight Turkey’s precarious position—geographically close to Iran, strategically tied to NATO, and increasingly exposed to spillover from the regional conflict. Each interception raises the stakes for Ankara as it balances deterrence, diplomacy, and domestic security.


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