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Traders are betting a widening conflict in the Middle East will lead to a weeks-long disruption in supply  

Ali Khamenei’s son Mojtaba becomes Iran’s supreme leader

The reserve held more than 415 million barrels as of the end of last month, up from about 395 million barrels at this time in 2025.

Democrats and some Republicans fear a deepening involvement in the war with no clear exit strategy

Selection of slain ayatollah’s son is seen as act of defiance against war launched by US and Israel

Oman base seeks to prioritise government and commercial relief services as attempts to reopen other centres falter

“I’m not biased,” Michael said. “I just I want all of them. I want to give them all the same exact terms because I need redundancy.”