Iran War Day 10: Son Named as New Supreme Leader as Oil Hits $110 and Markets Crash

Day ten of Operation Epic Fury and the Islamic Republic made its most consequential decision since the revolution. The Assembly of Experts appointed Mojtaba Khamenei — son of the man killed by American and Israeli bombs ten days ago — as the third Supreme Leader in Iran's forty-seven year history. The revolution that overthrew a monarchy has become one.

Every major Iranian institution pledged allegiance within hours. The IRGC vowed to obey until the last drop of their blood. Trump said if Mojtaba does not get approval from the United States he will not last long. Israel killed the man appointed to serve the incoming Supreme Leader before the announcement was even made. And Iran's Foreign Minister rejected any ceasefire on live American television.

Oil hit one hundred and ten dollars a barrel. United States crude futures jumped twenty-five percent in a single morning. The Dow dropped more than one thousand points. South Korea capped fuel prices for the first time in thirty years. Seven Gulf oil states are weeks away from running out of storage capacity. The International Energy Agency signalled it may release strategic reserves. Qatar arrested an IRGC intelligence cell collecting targeting data on American military infrastructure on Qatari soil. A seventh American service member was confirmed dead. And the United Nations declared a major humanitarian emergency affecting twenty-five million people.

Day ten. The son of the Supreme Leader is the Supreme Leader. And this war has no end in sight.

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