Iran Appoints Mojtaba Khamenei as New Supreme Leader
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
0mins
Source: CNBC
- New Supreme Leader Appointment: Iran has appointed Mojtaba Khamenei as the new supreme leader following the assassination of his father, Ali Khamenei, which has caused oil prices to surge above $120 per barrel, reflecting market anxiety over escalating tensions in the Middle East.
- Hardliner Successor: Mojtaba Khamenei is perceived as more hardline than his father, having closely collaborated with the Islamic Revolutionary Guard Corps during the Iran-Iraq War, which has solidified his influence within the security establishment and may lead to more confrontational policies in the future.
- Ties with IRGC: Mojtaba Khamenei maintains strong connections with the IRGC, a key defender of the Islamic Republic with nearly 200,000 personnel and extensive intelligence capabilities, providing crucial backing for his ascension to power amid the ongoing political turmoil.
- International Asset Empire: Despite projecting an image of religious simplicity domestically, Mojtaba Khamenei reportedly owns a property empire worth hundreds of millions internationally, including luxury homes in London and villas in Dubai, which could significantly impact his political image and decision-making both at home and abroad.
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Analyst Views on BP
Wall Street analysts forecast BP stock price to rise
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 39.940
Low
6.38
Averages
84.26
High
503.69
Current: 39.940
Low
6.38
Averages
84.26
High
503.69
About BP
BP p.l.c. is a United Kingdom-based integrated energy company. The Company's segments include Gas & low carbon energy, Oil production & operations, Customers & products, and Other businesses & corporate. Its gas business includes regions with upstream activities that produce natural gas, integrated gas and power, and gas trading. Its low carbon business includes solar, offshore and onshore wind, hydrogen and carbon capture and storage and power trading. Oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. Customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle charging, as well as Castrol, aviation and business to business and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. Other businesses & corporate segment comprises technology and bp ventures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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