Succession came quickly after Ayatollah Ali Khamenei’s death in Tehran. Around a week later, Iranian state television was announcing that the Assembly of Experts had chosen Mojtaba Khamenei, the slain supreme leader’s son, as the Islamic Republic’s next ruler. At almost the same moment, Brent crude jumped above $114 a barrel, and AP reported that Iran’s chokehold on the Strait of Hormuz had all but halted tanker traffic through a route that carries about a fifth of the world’s oil. The strike

Tag-uri: Islam