Oil prices rise following Iran’s Ali Khamenei succession

Iran’s military and political leaders have expressed strong support for Mojtaba Khamenei, following his announcement as the new supreme leader. Former Supreme Leader Ayatollah Ali Khamenei’s X account shared an image of the handover, while officials praised Mojtaba’s qualifications and vision. The IRGC and military pledged full loyalty, framing his leadership as a continuation of the Islamic Revolution. Meanwhile, oil prices surged due to geopolitical tensions, impacting global markets.

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