Iran: A 'Nepo-Ayatollah', the 'Hubris trap" & the costs of a "very complete war"
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The Bottom Line
Iran names assassinated supreme leader's son as successor amid internal dissent and threats of escalation.
How This Affects You
Regional conflict escalation could affect global oil prices and supply chains through Strait of Hormuz closure.
AI Summary
Iran has proclaimed Mojtaba Khamenei, son of assassinated supreme leader Ali Khamenei, as the new Ayatollah. Mojtaba Khamenei has not been seen publicly and is believed to be in hiding after reportedly being injured in the same strike that killed his father. State television showed supportive crowds, while some Tehran residents risked arrest by shouting "Death to Mojtaba" from their windows at night. A statement attributed to the new leader promised continued attacks on US and Israeli interests, closure of the Strait of Hormuz, and "never-ending revenge."
What's Being Done
New Iranian leadership threatens continued attacks on US-Israeli interests and strategic waterway closure.
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Even taking Trump’s confused reasons for the Iran war at face value, it’s still a total disaster | Jonathan Freedland
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