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Live Updates: Iran’s Choice of Leader Signals Defiance; Oil Price Surge Rattles Markets
Live
Updates: Iran’s Choice of Leader Signals Defiance; Oil Price Surge Rattles
Markets
Top
clerics selected Mojtaba Khamenei as Iran’s supreme leader, despite President
Trump’s warning that he was “unacceptable.” Oil prices surged to their highest
levels since the pandemic, reflecting growing alarm over a prolonged war.
Farnaz
Fassihi
Yan
Zhuang
Updated
March 9,
2026, 7:13 a.m. ET24 minutes ago
Farnaz
Fassihi and Yan Zhuang
https://www.nytimes.com/live/2026/03/09/world/iran-war-trump-israel-lebanon
Here’s
the latest.
Iran
projected defiance in the face of expanding U.S.-Israeli attacks on Monday by
naming a son of its slain supreme leader as his successor, disregarding
warnings from the Trump administration, while a surge in oil prices signaled
growing alarm over the war’s effect on the global economy.
The new
supreme leader, Mojtaba Khamenei, was appointed by a committee of senior
clerics days after President Trump declared that he was an “unacceptable
choice” and amid Israeli threats to kill Ayatollah Ali Khamenei’s successor.
Iran’s
military and hard-line political forces trumpeted the selection and pledged
allegiance to the new supreme leader. But in Tehran, opponents of the
government could be heard chanting “Death to Mojtaba” from their windows —
reflecting widespread albeit muted dissent.
As the
U.S.-Israeli war with Iran, which has killed hundreds of people, spreads to the
wider Middle East, fears of a prolonged conflict have rippled across the world.
Oil
prices briefly surged to almost $120 per barrel, their highest level since the
Covid pandemic, and markets in Asia and Europe fell again. In the United
States, Democrats said rising oil prices would inflame an affordability crisis.
And Mr. Trump’s plans for the next steps in the war, let alone its endgame,
remain very much unclear.
As the
conflict entered its 10th day, Iran continued to retaliate with attacks on
Israel and U.S. allies across the Persian Gulf.
At least
one person was killed in Israel during an Iranian missile attack on Monday
morning, according to Magen David Adom, the Israeli emergency service, raising
the death toll in the country to at least 11. Saudi Arabia’s defense ministry
said Monday it had intercepted attacks headed toward the kingdom’s massive
Shaybah oil field, as well as thwarted drones over northern Riyadh, the
capital, and three ballistic missiles targeting a Saudi air base.
The State
Department said on Sunday that it had ordered nonemergency American personnel
and family members to leave the U.S. embassy in Saudi Arabia — the latest
diplomatic evacuation in the region. The announcement followed several attacks
from Iran on the building and in the nearby area.
In
Bahrain, the state-owned energy company declared that it could no longer
fulfill its contracts, citing the ongoing conflict and a recent attack on its
refinery complex.
Here’s
what else we’re covering:
Investor
jitters: As Asian markets declined on Monday, spiking oil prices sparked a mass
exit from the region’s previously booming stocks. Markets opened lower in
Europe, too.
New
leader: Iran’s new supreme leader is known to have close ties to Iran’s Islamic
Revolutionary Guards Corps. He is not just Iran’s new religious and political
authority but also the commander in chief of its armed forces.
Gulf
states: Anger grew in Persian Gulf nations over the civilian toll of Iranian
retaliatory strikes. Bahrain’s health ministry said that 32 people had been
injured, including children, in an Iranian drone strike on Monday in the island
of Sitra, near Manama, the capital. In Qatar, the foreign ministry blamed Iran
for the deaths of two civilians on Sunday in Saudi Arabia, saying that an
attack had targeted a residential facility.
School
hit: A newly released video adds to the evidence that an American missile
likely hit an Iranian elementary school where 175 people, many of them
children, were reported killed. The evidence contradicts Mr. Trump’s claim that
Iran was responsible for the strike.
Lebanon:
Israeli ground forces raided a new area of southern Lebanon, according to the
Israeli military, part of an effort to carve out and expand a buffer zone
inside the country. Israel and Hezbollah have been fighting for the past week
since the Lebanese armed group, which is backed by Iran, shot rockets at
Israeli territory.
In March 2026, MP Rupert Lowe (now representing his own Restore Britain party) launched a sharp critique of the Ministry of Defence (MoD) during a Public Accounts Committee meeting.
In March 2026, MP Rupert Lowe (now representing his own Restore Britain party) launched a sharp critique of the Ministry of Defence (MoD) during a Public Accounts Committee meeting. His "devastating takedown" focused on what he described as a culture of "internal inconsistencies" and a failure to properly address widespread fraud within the department.
Key
points of his criticism included:
- Systemic Fraud: Lowe highlighted cases such as an ex-corporal who defrauded the MoD of over £911,000 through fake expense claims and an army financial administrator who stole more than £300,000 by issuing checks to himself.
- Cultural Failure: He argued that there is a fundamental "cultural problem" where counter-fraud and police teams do not trust or work together effectively.
- Lack of Accountability: Lowe expressed frustration with a system that relies on "risk registers" and "analytical tools" rather than ensuring that those who steal face genuine consequences, stating that "people have got to fear... that when they steal they go to prison".
- Asset Management: He specifically called out the "financial risk" posed by the loss of equipment like laptops and phones, characterizing the department's reluctance to engage on these issues as a sign of deeper dysfunction.
- The exchange gained significant attention on social media and through outlets like the Daily Express, where it was framed as a scathing indictment of civil service mismanagement.
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