The Digester

Dow Futures Slide as Oil Tops $110; Iran Names Mojtaba Khamenei Supreme Leader

Mar 9th 2026

U.S. stock futures fell after crude surged above $110 following Iran’s appointment of Mojtaba Khamenei as supreme leader and Tehran’s rejection of a cease-fire, while President Trump said the war remains popular with his base.

  • Dow, S&P 500 and Nasdaq futures fell sharply Sunday night.
  • Brent crude topped $110 a barrel, fueling market volatility.
  • Iranian state media announced Mojtaba Khamenei as the country’s new supreme leader.
  • Tehran rejected international calls for a cease-fire in the conflict.
  • President Donald Trump said the war is very popular with his political base.