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Oil prices soar after Iran names new supreme leader

4 min read

Global oil prices jumped sharply as the escalating Iran conflict threatened key energy routes in the Middle East, while Tehran named Mojtaba Khamenei as its new supreme leader, signalling a hardline stance and deepening market fears over supply disruptions.

Smoke and flames rise at the site of airstrikes on an oil depot in Tehran.

Oil prices soar after Iran names new supreme leader

4 min read

Global oil prices jumped sharply as the escalating Iran conflict threatened key energy routes in the Middle East, while Tehran named Mojtaba Khamenei as its new supreme leader, signalling a hardline stance and deepening market fears over supply disruptions.

LoP in Rajya Sabha Mallikarjun Kharge, Samajwadi Party MP Akhilesh Yadav, LoP in Lok Sabha Rahul Gandhi and other opposition leaders stage a protest over the West Asia crisis with posters and banners reading, Gulf burning, oil shock. Indians stranded; India needs leadership, not silence, during the second part of Budget session of Parliament, in New Delhi on Monday.

Govt ducks Iran crisis debate, blames ‘irresponsible’ Oppn

Apart from direct economic concerns of the situation, Jaishankar noted that India's traditional diplomatic policy is to promote dialogue and diplomacy as the only means of resolving the current crisis and warned that further escalation will put millions of Indians in danger alone in the Gulf and could cause long-term disruption to critical trade routes and energy corridors.

Indian consumer top priority amid Iran war: Jaishankar

Prime Minister Narendra Modi .

PM Modi to launch NDA's poll campaign at Kochi convention

Delhi High Court.

Delhi HC stays remarks against CBI in liquor policy case order

Congress moves suspension notice in RS, LS over West Asia conflict

Cong moves suspension notice in RS, LS over West Asia conflict

US President Donald Trump - file image.

Trump ‘not happy’ with Mojtaba as Iran’s new Supreme Leader

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