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The price of the US benchmark WTI oil contract topping $100 after the United States launched a military attack against major crude producer Iran is the latest significant swing experienced by the commodity this century.
Iran's strategy in its war with the US and Israel is by now clear: Impose an intolerable economic cost on President Donald Trump, forcing him to abandon his "war of choice" as American gasoline prices surge.
Behind the facades of the luxury homes on The Bishops Avenue lies a network stretching from Tehran to Dubai and Frankfurt. The ultimate ownership traces back to one of the most powerful men in Middle East: Mojtaba Khamenei, Iran's new Supreme Leader
Oil prices surged above $100 a barrel for the first time in nearly four years on Sunday over worries that the spiralling Middle East war could create prolonged supply disruptions.
The satellite image posted by an Iranian news outlet looked real: a devastated US base in Qatar. But it was an AI-generated fake, underscoring the accelerating threat of tech-enabled disinformation during wartime.
For most of his 56 years, Mojtaba Khamenei has kept a low profile in the Islamic Republic, quietly building networks of influence in the country's security apparatus, its clergy and within its wealthy business elite.