Political hardliners have swiftly rallied behind Mojtaba Khamenei after he was named Iran’s new supreme chief. Thoughts now flip to how he’ll steer Iran by one of its biggest crises in its fashionable historical past and what his first move can be.

The US-Israel war with Iran has despatched world oil costs past $100 per barrel, the first time it crossed that mark since Russia’s 2022 invasion of Ukraine. The surge was triggered by issues the battle would result in extended restrictions on the movement of oil round the globe.

Israel’s assaults on Iran’s power sources and gasoline storage websites have pushed the war right into a “new phase,” a senior Iranian official has warned, and threatened retaliatory strikes on power infrastructure throughout the area.

Here’s what to know on day 10.

What are the essential headlines?

Mojtaba Khamenei (center), the son of the Iranian Supreme Leader Ayatollah Ali Khamenei, participates in the annual Quds Day rally in Tehran, Iran, on May 31, 2019.

  • Khamenei dynasty: Iran’s key energy facilities, together with the Revolutionary Guards, have stated Mojtaba Khamenei is succesful of guiding the nation after he was chosen to succeed his slain father, Ali Khamenei, as the nation’s new supreme chief. The IRGC stated it was able to “fully obey and sacrifice their lives” for him, signaling the probability of a steady transition. US President Donald Trump stated final week that the youthful Khamenei being chosen can be “unacceptable” to him. Hopes for a extra democratic future for Iran might now lie in tatters, as analysts say Mojtaba’s elevation counsel a continuity of his father’s hardline policies.

  • Surging oil costs: US oil futures rose 18% to about $108 a barrel, their highest degree since July 19, 2022. Trump dismissed issues, calling surging oil prices a “very small price to pay.” It comes as the war spreads to different international locations in the Middle East, together with assaults on close by refineries in the oil-rich area.

  • Gulf assaults proceed: Hours after Iran named its new supreme chief, the Islamic Revolutionary Guard Corps announced new missile launches. It comes a day after Israel launched assaults targeting Tehran’s energy resources. Countries in the Persian Gulf reported new aerial assaults and interceptions Monday morning.

  • School strike: Defense Secretary Pete Hegseth said the US was nonetheless investigating a strike on an Iranian elementary faculty that killed no less than 168 kids, in line with state media. His feedback got here after new video seems to confirm a US airstrike focused a naval base subsequent to the faculty, including to a physique of proof contradicting Trump’s recent claims casting blame on Iran.

  • Personnel informed to go away: The US State Department ordered non-emergency diplomats to leave Saudi Arabia — a mirrored image of the dangers dealing with US personnel as the battle in the area deepens. A US service member died after sustaining injuries throughout an assault final week in the nation.

What’s taking place in Iran and Lebanon?

A bulldozer clears the debris of destroyed buildings at the site of an Israeli airstrike that targeted Rweiss neighbourhood in Beirut's southern suburbs, on March 8, 2026.

  • “New phase” of war: A senior Iranian official informed NCS there was no prospect for a direct finish to the battle. He stated Israel’s assaults on oil and gasoline depots have pushed the war right into a “new phase.” The official threatened retaliatory strikes on power infrastructure, elevating issues about potential additional disruptions to regional oil and fuel services.

  • Israel targets IRGC commaders: The Israeli army stated it carried out a strike in Beirut that killed a number of senior commanders from the Islamic Revolutionary Guard Corps (IRGC) Quds Force. Lebanon stated the strike targeted a hotel room and 4 folks have been killed.

  • Stay or go?: One Tehran resident said his family was divided on whether or not to go away the metropolis, saying individuals are “under a lot of pressure.” Israeli strikes on gasoline depots Saturday evening have been “the heaviest bombardments since the start of the war,” he stated.
High gas prices are displayed at a downtown Chevron station in Los Angeles, California, on March 3, 2026.

  • Energy costs: President Donald Trump and administration officers are trying to allay worries over rising fuel costs. White House press secretary Karoline Leavitt described rising prices at the pump as “a short-term disruption.” Senate Minority Leader Chuck Schumer referred to as on Trump to faucet into the nation’s Strategic Petroleum Reserve, the world’s largest stockpile of emergency oil, in an effort to decrease power costs.

  • Terms of give up: Defense Secretary Hegseth said in an interview that aired Sunday that the US and Trump will set “the terms of surrender” with Iran, with out providing specifics.



Sources

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