Iran War Escalates: New Leader, Oil Surges, US Troops Possible, Regional Chaos
MMoneycontrol•09-03-2026, 12:10
Iran War Escalates: New Leader, Oil Surges, US Troops Possible, Regional Chaos
- •Mojtaba Khamenei named Iran's new Supreme Leader after Ayatollah Ali Khamenei's reported death.
- •Massive fire erupts at Bahrain's BAPCO refinery; White House hints at possible US ground troop deployment.
- •Crude oil prices surge past $100 as Strait of Hormuz remains closed; seventh US service member dies.
- •Israeli strikes kill nearly 400 in Lebanon; Tehran oil depots hit, Saudi Arabia reports two deaths.
- •Asia-Pacific financial markets plunge; US orders non-emergency staff to leave Saudi Arabia amid drone threats.