Iran's late Supreme Leader Ali Khamenei was buried at the Imam Reza Holy Shrine in his home city of Meshhed. President Ebrahim Raisi, who died two years ago, is also buried at the same mausoleum. The funeral procession faced route changes due to dense crowds, requiring a helicopter for transport.
Iran faces an estimated US$270 billion in damages, nearly equivalent to its losses in the 1980s Iran-Iraq war. With negotiators meeting and a ceasefire holding, the question is whether economic ruin can achieve what sanctions and military pressure could not, potentially impacting shipping.
A tentative US-Iran deal aims to reopen the Strait of Hormuz, but global economic fallout persists. Energy markets anticipate supply recovery, yet recession looms for Gulf economies, while US inflation rises. Analysts warn of fragile peace and long-term economic impacts.
Donald Trump publicly rebuked Israel's military tactics in Lebanon, calling the bombing of apartment buildings "unnecessary" and suggesting it could jeopardize his Iran peace deal. He urged Israeli PM Netanyahu to be "more responsible" with Lebanon.
