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New Iranian Leader Threatens New Fronts as Global Oil Prices Surge

Iran's new Supreme Leader vows to open new fronts as oil prices hit $100 and drone strikes intensify across the Middle East.

March 13, 2026 at 12:00 PM

In his first public address since assuming power, Iran's new Supreme Leader has vowed to escalate the ongoing conflict by opening 'other fronts' against what he termed vulnerable enemy targets. While the specific nature of these fronts remains undisclosed, the leader explicitly cited the potential closure of the Strait of Hormuz as a strategic tool. The rhetoric comes amid a 13-day surge in hostilities that has pushed global oil prices to $100 per barrel, forcing the U.S. Treasury Department to temporarily ease sanctions on Russian crude to stabilize energy markets. Military activity has spiked across the region, with Saudi Arabian forces intercepting more than three dozen drones targeting the country's Eastern Province. In Iraq, U.S. personnel sustained minor injuries following a drone strike on a joint U.S.-British base in Irbil. Additionally, U.S. Central Command is investigating the crash of a refueling plane in western Iraq; while rescue operations are underway, officials stated the incident was not caused by hostile fire.

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