March Edition 9

April 1, 2026

Middle East Crisis: War Escalation, Oil Disruptions, and Global Tensions

The killing of Iranian Supreme Leader Ali Khamenei in a United States-Israeli air campaign has sent shockwaves
through the Middle East, decapitating the leadership of the “axis of resistance” at its most critical moment. For decades, this network of groups allied with Iran was Tehran’s forward line of defence. But today, with its commander-in-chief dead and its logistical arteries cut, the alliance looks less like a unified war machine and more like a series of isolated islands fighting desperate survival wars.