Oil prices rise and markets dip as Iran digs in with new leader

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 father as Iran's supreme leader.

Published: March 9, 2026 5:37 pm

Source: AP News — Read original