Mojtaba Khamenei has been declared the new Supreme Leader of Iran following the death of his father, Ali Khamenei

Mojtaba Khamenei has been declared the new Supreme Leader of Iran following the death of his father, Ali Khamenei

¨     Mojtaba Khamenei has been declared the new Supreme Leader of Iran following the death of his father, Ali Khamenei.

¨     Iranian state media reported that Ali Khamenei died during the initial stages of a joint US and Israeli attack on his home in Tehran.

¨     The leadership change comes as Operation Epic Fury, a military operation carried out by US and Israeli forces, enters its tenth day.

¨     The operation is being carried out by US and Israeli forces.

¨     Iran has retaliated with numerous missile and drone strikes.

¨     The military confrontation escalated after the large-scale air campaign began on February 28.

¨     The tensions have also severely impacted maritime activity around the Strait of Hormuz.

¨     Although the Strait has not been officially closed, commercial shipping through this route has declined significantly.

¨  Ship traffic through the Strait of Hormuz has reportedly decreased by approximately 80 percent due to security risks.

¨     The Strait of Hormuz is a strait between the Persian Gulf and the Gulf of Oman.