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Top updates: Iran names Mojtaba Khamenei as new supreme leader, oil prices surge above $100 a barrel

Iran’s Assembly of Experts has named Mojtaba Khamenei to replace his father, Ayatollah Ali Khamenei, as the country’s supreme leader, state media reported on Sunday.
Ayatollah Ali Khamenei was killed on March 1 during a joint military operation by the United States and Israel. The conflict in West Asia began on February 28 after the two countries launched a joint operation to “degrade the capabilities” of the Iranian government.
Tehran retaliated by striking Israel and US military bases in the region, and targeting major cities in other Gulf countries and some ships.
Meanwhile, as the conflict in West Asia entered its tenth day, global oil prices crossed $100 a barrel on Monday, the highest since July 2022. The oil prices have risen by about 20% since the war broke out as the escalating tensions raised fears of disruption to shipments through the Strait of Hormuz.
The narrow waterbody connects the Gulf to the Arabian Sea. About 20% of global petroleum liquids consumption traverses the maritime chokepoint.
On March 2, Iran claimed that the Strait of Hormuz was “closed” for shipping traffic, warning that any vessel attempting to pass through the strategic waterway would be set on fire.
Here are more top updates from the conflict in West Asia:
The joint attacks by Israel and the US on Iran came amid tensions between the three countries over Tehran’s nuclear programme. Washington acts as a guarantor of Israel’s security. Israel has been claiming that Iran is close to obtaining a nuclear weapon, which could alter the regional security balance.
Tehran has long maintained that its nuclear programme is for civilian purposes.
The killing of Ayatollah Ali Khamenei, who had controlled all branches of the government and the armed forces since 1989, further escalated an already volatile situation in the region.
The US has repeatedly demanded that Iran give up its nuclear programme, threatening that Tehran must meet its terms or face consequences.
Khamenei had warned on February 1 that an attack by the US would spark a “regional war”.
Israel had been preparing for a possible conflict with Iran for several weeks.
In June, Tehran and Tel Aviv agreed to a ceasefire after 12 days of hostilities.
At the time, the Israeli military had struck what it claimed were nuclear targets, and other sites, in Iran with the aim of stalling Tehran’s nuclear programme. Iran retaliated with missile attacks on Israel.
Both countries had later accused each other of violating the ceasefire.
The two countries had been nudged by the US to accept the ceasefire after Washington on June 22 joined Israel’s war against Iran. The US military had carried out what Trump had described as a “very successful attack” on Iranian nuclear sites in Fordo, Natanz and Esfahan.
While Trump had claimed at the time that Iran’s nuclear facilities had been “completely obliterated” in the attacks, Washington’s preliminary intelligence assessment had said that the strikes only set it back by a few months, and did not destroy its nuclear programme.
Trump’s fresh focus on Iran came after the US’ military operation in Venezuela. On January 3, the US military abducted Venezuelan President Nicolás Maduro and his wife, Cilia Flores, for alleged drug trafficking.
Almost simultaneously, on December 28, protests erupted in Iran initially focused on discontent about rising inflation. However, they later expanded as demonstrations in more than 100 towns demanded an end to clerical rule.
Following this, Trump had announced that the US military was moving warships towards Iran “just in case” he wants to take action, saying that he was “watching them very closely”.
Source: Scroll
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