Oil Prices Slide As Iran Reopens Hormuz Strait

Iran Opens New Route Through Mine-Strewn Hormuz

Tehran has designated alternative shipping routes through the Strait of Hormuz, citing the presence of sea mines as it begins a tentative two-week reopening of the world’s most vital energy artery. The Islamic Revolutionary Guard Corps issued the directive on Thursday, instructing vessels to follow specific entry and exit paths to avoid “maritime safety hazards.”…

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Mojtaba Khamenei Named Supreme Leader as Oil Hits $108

Mojtaba Khamenei Named Supreme Leader as Oil Hits $108

Iran has appointed Mojtaba Khamenei as its new Supreme Leader following the death of his father, Ayatollah Ali Khamenei, in a recent U.S.-Israeli strike. The 88-member Assembly of Experts finalised the appointment this morning, marking the first dynastic succession since the 1979 Islamic Revolution. Mojtaba, a hardline cleric with deep institutional ties to the Islamic…

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