Iran began a procession Monday through its capital, Tehran, for the funeral of the late Supreme Leader Ayatollah Ali Khamenei. Khamenei's flag-draped coffin and those of his family killed in the US-Israeli airstrike on February 28 were carried on board a truck along the designated route in the Iranian capital.
After lying in state for two days at Tehran's Grand Mosalla religious complex, the body of Khamenei began its journey through the capital accompanied by massive crowds of mourners.
Authorities have shut down streets, airspace and daily life for the mourning, which began Saturday and will end Thursday as the 86-year-old Khamenei is buried at the Imam Reza shrine in Mashhad.
The coffins will be taken through the streets of Tehran on their way to Mehrabad International Airport over a 12-hour journey, said Revolutionary Guard Gen. Hasan Hasanzsdeh, who is overseeing the procession.
Monday's procession will be followed by similar events in the clerical hub of Qom on Tuesday and in Iraq's holy cities of Najaf and Karbala on Wednesday, culminating in Khamenei's burial in his hometown of Mashhad in northeastern Iran on Thursday.
Ali Khamenei, who ruled Iran for 36 years, was killed on the first day of the US-Israeli war on Iran. While several members of his family were also killed in the same strike, one of his surviving sons, Mojtaba Khamenei, has since taken the position held by his father for more than three decades.
Though the funeral prayers started three days ago, Mojtaba Khamenei, who has not been seen in public since the February 28 air strikes, has not attended them yet, while three of Ali Khamenei’s other sons were seen during the procession on Sunday.
The US is meanwhile pressing ahead with negotiations with Iran aimed at fully reopening the Strait of Hormuz, rolling back its disputed nuclear program and reaching a permanent end to the war. Talks appear to be on hold until after the burial.
While there is no clarity on the next round of talks between the US and Iran, the maritime trade between Iran and Qatar has resumed after a roughly five-month suspension. Shipping between Iran’s Dayyer port and Qatar’s Al Ruwais port had resumed following coordination between the Iranian embassy in Doha and Qatari authorities.
All three major US stock indexes closed higher on Monday.
Nasdaq rose 1.12%, S&P 500 gained 0.72%, and Dow Jones added 0.29%.
Investors focused on fresh developments in the AI and semiconductor sectors ahead of earnings season.
Crude prices settled near levels seen before the Iran conflict.
WTI crude closed steady at $68.69 per barrel.
Brent crude edged down 0.03% to $72.10 per barrel.
Oil continues to trade around pre-Iran war levels as geopolitical risk premiums ease.
Thousands of mourners dressed in black gathered in Tehran on Monday for the funeral procession of Iran's late Supreme Leader Ayatollah Ali Khamenei, with crowds chanting "Death to Trump" and calling for revenge against the United States and Israel.
Khamenei's flag-draped coffin, along with those of family members killed in a February 28 airstrike at the start of the Iran-Israel-US conflict, was carried through the Iranian capital on a truck.
The commander of Iran's joint military command said the country's armed forces are ready to deepen cooperation with the judiciary under the leadership of new Supreme Leader Mojtaba Khamenei. The remarks came in a message congratulating Gholamhossein Mohseni Ejei on his reappointment as judiciary chief.
Saudi Aramco has cut the price of its flagship Arab Light crude for Asian buyers by the biggest margin in at least 26 years, according to Bloomberg.
The state oil giant reduced the August official selling price by $11 a barrel to a $1.50 discount against the regional benchmark, far exceeding market expectations as rising global supply intensifies competition for buyers.
Trump's Board of Peace says Palestinian technocratic committee must control Gaza arms
A large poster portraying US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu as wanted men was displayed during Ali Khamenei's funeral procession in Tehran on Monday. The poster featured the messages "There will be blood" and "Kill Trump," reflecting renewed calls by Iranian officials and supporters for revenge over Khamenei's killing.
A group of pro-government supporters in Tehran's metro chanted slogans against negotiations with the United States, declaring: "We did not give martyrs to make peace, or to praise the murderer Trump." The protest underscored hardline opposition to renewed US-Iran talks.
An Iranian official said on Monday that Tehran's negotiations with the United States are taking place only "out of necessity," insisting that revenge for the killing of former Supreme Leader Ali Khamenei remains the country's top priority. Ezzatollah Zarghami said any retaliation must "discipline the enemies," adding that only "serious, clear and decisive revenge" would be acceptable.
Israeli Defense Minister Israel Katz on Monday warned that any Iranian leader who attempts the Israel’s destruction will meet the same fate as slain Supreme Leader Ayatollah Ali Khamenei.
“Khamenei initiated and led the plan to destroy Israel in Iran and across the region,” Katz said, according to Israel’s Channel 13.
A fleet of 10 Japan-related vessels are exiting the Strait of Hormuz on Monday, shipping data on LSEG showed.
These included six very large crude carriers loaded with 12 million barrels of Middle Eastern crude, two chemical tankers, a vehicle carrier, and a container ship, the data showed.
Mourners attending the funeral of Ayatollah Ali Khamenei chanted "resistance against enemies" and "revenge for the blood” of the late Supreme Leader, Secretary of Iran’s Supreme National Security Council (SNSC) Mohammad Baqer Zolqadr said in a post on X.
"Keep your eyes on Iran these days. This is the same Iran that you thought you could bring to its knees in just a few days," he added.
After lying in state for two days at Tehran's Grand Mosalla religious complex, the body of Khamenei began its journey through the capital accompanied by massive crowds of mourners, state broadcaster IRIB reported.
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