Oil prices soar in the Middle East, Khamenei becomes supreme leader in Iran, and airstrikes displace thousands in Beirut and Gaza. Japan's stocks drop.
MIDDLE EAST — Oil prices exceed $100 a barrel, the highest in four years. Traders brace for further increases as Middle East conflicts escalate.
IRAN — Mojtaba Khamenei ascends as Iran's supreme leader, continuing amid the ninth day of intense conflict in the region. His leadership signals a potential shift in Iran's military strategy.
BEIRUT, LEBANON — Israeli airstrikes on southern Beirut displace over 95,000 residents. The bombardment raises humanitarian concerns amid ongoing hostilities.
GAZA STRIP — Israeli bombardments devastate Gaza, destroying roads and severely restricting civilian movement. The situation continues to deteriorate for residents.
TOKYO, JAPAN — Japan's Nikkei average faces a sharp drop, temporarily falling beyond 4200 yen. Investors react to soaring oil prices and regional tensions linked to Iran.
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Key Personalities

Mojtaba Hosseini Khamenei is an Iranian politician and Muslim cleric. The second eldest child of Ali Khamenei, the former supreme leader of Iran, Mojtaba Khamenei served in the Iran–Iraq War from 1987 to 1988, and also reportedly took control of the Basij that was used to suppress the protests over the 2009 election.
Peter Brian Hegseth is an American government official and former television personality who has served as the 29th United States secretary of defense since 2025.
Willy Demeyer is a Belgian politician. He is the mayor of Liège since 1999 and has served as the Vice-President of the Socialist Party since 6 December 2011. He also served as a deputy in the Chamber of Representatives for the Socialist Party between June 2014 and September 2017.
Donald John Trump is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021.
Lindsey Olin Graham is an American politician and attorney serving as the senior United States senator from South Carolina, a seat he has held since 2003. A member of the Republican Party, he chaired the Senate Committee on the Judiciary from 2019 to 2021. Graham served in the South Carolina House of Representatives from 1993 to 1995 and in the U.S. House of Representatives from 1995 to 2003.
Masoud Pezeshkian is an Iranian politician and former heart surgeon who has served as the ninth president of Iran since 2024. A member of the reformist faction, he is the oldest person to serve in this position, taking office at the age of 69.
Rachel Jane Reeves is a British politician who has served as Chancellor of the Exchequer since 2024. A member of the Labour Party, she has been Member of Parliament (MP) for Leeds West and Pudsey, formerly Leeds West, since 2010. She held various shadow ministerial and shadow cabinet portfolios between 2010 and 2015 and from 2020 to 2024.
Emmanuel Jean-Michel Frédéric Macron is a French politician who has served as President of France and Co-Prince of Andorra since 2017. He served as Minister of Economics and Finance under President François Hollande from 2014 to 2016. He has been a member of Renaissance since founding the party in 2016.
Taoism or Daoism is a philosophical and religious tradition indigenous to China, emphasizing harmony with the Tao 道. With a range of meaning in Chinese philosophy, translations of Tao include 'way', 'road', 'path', or 'technique', generally understood in the Taoist sense as an enigmatic process of transforming ultimately underlying reality. Taoist thought has informed the development of various practices within the Taoist tradition, including forms of meditation, astrology, qigong, feng shui, and internal alchemy. A common goal of Taoist practice is self-cultivation, a deeper appreciation of the Tao, and more harmonious existence. Taoist ethics generally emphasize virtues of effortless action, naturalness, simplicity, and the three treasures of compassion, frugality, and humility.
Robert Golob is a Slovenian businessman, engineer and politician, serving as Prime Minister of Slovenia and leader of the Freedom Movement since 2022.
Penelope Ying-Yen Wong is an Australian politician who is serving as the Minister for Foreign Affairs and Leader of the Government in the Senate in the Albanese government since 2022. A member of the Australian Labor Party (ALP), she has been a senator for South Australia since 2002. Wong previously served as Minister for Climate Change and Minister for Finance and Deregulation during the governments of prime ministers Kevin Rudd and Julia Gillard from 2007 until 2013.
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Other Developments · 6