Oil prices jump and markets slide as Iran names new supreme leader and digs in

KPBS - March 9, 2026

Oil prices jump and markets slide as Iran names new supreme leader and digs in

Oil prices roared upward and stock markets fell further after Iran fired more drones and missiles across the Persian Gulf and beyond in response to U.S. and Israeli airstrikes, after defiantly choosing hard-line Ayatollah Mojtaba Khamenei to succeed his late …

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