Oil Prices Spike as Iran Appoints New Supreme Leader – Middle East Conflict Sends Global Markets Tumbling
Tehran/Washington – Global energy markets experienced extreme volatility on Monday as Iran welcomed its new supreme leader, Ayatollah Mojtaba Khamenei, amid escalating tensions with the US and Israel. Brent crude oil prices surged to $119.50 per barrel before settling near $82, reflecting heightened uncertainty in the Gulf region, a key oil-exporting hub. The appointment of […]


