Middle East crisis live: Mojtaba Khamenei chosen as Iran’s new supreme leader; oil prices soar past $100 a barrel - The Guardian

The Guardian
March 9, 2026
2 min read

The Bottom Line

Mojtaba Khamenei is Iran's new supreme leader as Middle East crisis drives oil prices past $100 a barrel.

How This Affects You

This leadership change and conflict could contribute to higher gasoline prices and increased costs for goods due to global economic instability.

AI-Generated Summary

Mojtaba Khamenei has been selected as Iran’s new supreme leader, according to reports. This leadership change coincides with a significant rise in global oil prices, which have now surpassed $100 per barrel. The developments are occurring amid an ongoing Middle East crisis. The transition of power in Iran and the escalating oil prices could have substantial implications for regional stability and international markets. Further details on the new leader's policy direction are anticipated.

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