Iran US Israel
A thick plume of smoke rises from an oil storage facility hit by a U.S.-Israeli strike late Saturday in Tehran, Iran, Sunday, March 8, 2026.
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Mojtaba Khamenei, a son of Iran’s late supreme leader, has been named his successor. He had long been considered a contender, even before an Israeli strike killed his father at the start of the war. He had never been elected or appointed to a government position. U.S. President Donald Trump had called the possible selection of the younger Khamenei unacceptable to succeed his father. There was no immediate White House comment after the announcement by Iran’s state TV shortly after midnight Monday. Two US officials say the State Department will order nonessential personnel and families of all staff to leave Saudi Arabia as Iran escalates its retaliation for U.S.-Israel military operations.
Surging oil prices jolted other financial markets, as share benchmarks in Japan and South Korea plunged more than 5%.
