The conflict in the Middle East has intensified as Israel resumes strikes across Tehran and Beirut, leading to a surge in oil prices as finance ministers prepare to discuss the ramifications. Amid these developments, Iran has named a new Supreme Leader, Mojtaba Khamenei, and has issued threats regarding U.S. intentions in the region, which they claim could involve partitioning the country for its oil resources. Tensions are further heightened as NATO intercepts Iranian ballistic missiles in Turkish airspace, and the U.S. sees its markets destabilized due to fears of disrupted oil supplies. Both Iran and Israel have ramped up military operations, with reports of missile exchanges and escalating attacks on critical infrastructures in the Gulf. The ongoing war has led to significant price spikes in energy markets, with oil surpassing $100 a barrel amid forecasts of inflation rising to five percent. As strikes continue and the current offensive enters its tenth day, analysts warn of a power struggle within Iran and the broader geopolitical implications of the conflict.