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Khamenei’s Son Named Supreme Leader as Fighting Escalates Across Middle East – The New York Times

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Iran Live Updates: Khamenei’s Son Named Supreme Leader as Fighting Escalates Across Middle East – The New York Times

Markets in Asia and Europe tumbled on Monday, and U.S. futures were down, as a spike in oil prices reflected global fears of a prolonged U.S.-Israeli war with Iran. Meanwhile, Iran projected defiance by naming a son of its slain supreme leader as his successor. Oil prices briefly surged early Monday to almost $120 per barrel, their highest level since the Covid pandemic, as President Trump’s plans for the next steps in the war, let alone its endgame, remained unclear, and Iran showed no sign of bowing to his demand for unconditional surrender.

NPR

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Someone made $553K on a Polymarket bet on Khamenei’s death : NPR

An account trading under the username "Magamyman" made more than $553,000 placing bets on the prediction market Polymarket that Iran's Supreme Leader, Ayatollah Ali Khamenei, would be out of power just before an Israeli strike killed him on Saturday. Bet on Anything, Everywhere, All at Once Up First from NPR Bet on Anything, Everywhere, All at Once

The trades drew scrutiny from members of Congress and critics of prediction markets, who say the platforms invite people with access to classified information to profit on lethal military operations. On Polymarket alone, half-a-billion dollars was traded over when exactly U.S. forces would drop bombs on Iran.