IBOV 187,206.89 ▼ 0.56% IPSA 11,220.60 ▼ 0.16% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 — — USD/BRL5.13▲ 0.11% USD/MXN17.00▲ 0.27% USD/CLP941.13— 0.00% USD/COP3,079▼ 0.01% USD/PEN3.36▲ 0.13% USD/ARS1,509▼ 0.02% USD/UYU40.26— 0.00% USD/PYG5,903— 0.00% USD/BOB11.98— 0.00% USD/DOP58.85— 0.00% USD/CRC447.55— 0.00% USD/GTQ7.63— 0.00% USD/HNL26.85— 0.00% USD/NIO36.62— 0.00% USD/VES840.10▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74— 0.00% EUR/BRL5.93▼ 0.36% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 187,206.89 ▼ 0.56% IPSA 11,220.60 ▼ 0.16% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,098,898 ▼ 1.87% COLCAP 2,589.69 ▼ 1.41% BVL PERÚ 59,373.28 — — USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Monday, September 14, 2026

Khamenei Dead, Hormuz Closed: The Middle East Breaks Open

By · March 1, 2026 · 4 min read

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Key Points
Joint US–Israeli strikes killed Ayatollah Khamenei, 48 senior officials, his daughter and grandchild; a temporary leadership council has assumed power in Tehran
Iran retaliated with hundreds of missiles and drones across six countries, hitting Dubai’s airport, the Burj Al Arab, residential areas in Israel, and US bases — at least 200 dead inside Iran, casualties mounting regionwide
The IRGC declared the Strait of Hormuz “effectively closed,” tankers are stacking in the Arabian Sea, and crude prices are set to spike when markets open Monday

Two hundred Israeli fighter jets and American B-2 stealth bombers struck Iran simultaneously on February 28, hitting two separate gatherings of senior regime officials in Tehran. Israel said 40 commanders were eliminated “in one minute.” By the time Iranian state media confirmed Ayatollah Ali Khamenei’s death hours later, the 36-year-old Islamic Republic had already lost its defense minister, its armed forces chief of staff, its Revolutionary Guard commander, the head of intelligence, and Khamenei’s own daughter and grandchild.

President Trump said 48 Iranian leaders were killed. “Nobody can believe the success we’re having — 48 leaders are gone in one shot,” he told Fox News. Nine Iranian naval ships were sunk and the navy’s headquarters “largely destroyed.” The Pentagon confirmed B-2 bombers dropped 2,000-pound munitions on hardened ballistic missile facilities overnight — underground bunkers Iran calls “missile cities.”

Khamenei Dead, Hormuz Closed: The Middle East Breaks Open
Khamenei Dead, Hormuz Closed: The Middle East Breaks Open
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Iran Strikes Back — Everywhere

Tehran’s retaliation was the broadest in its history. The Revolutionary Guard launched what it called “Truthful Promise 4,” firing hundreds of ballistic missiles and drones not just at Israel but across the Gulf. US Central Command published the target list: Dubai International Airport, Kuwait International Airport, the Burj Al Arab and Fairmont Palm hotels in Dubai, the Haifa oil refinery, and residential areas in Israel, Bahrain, and Qatar.

The UAE intercepted 152 of 165 incoming ballistic missiles and 195 of 209 drones, though debris killed three people. Kuwait repelled strikes aimed at the Ali Al-Salem Air Base. Qatar reported 16 wounded. In Israel, six people were killed in a strike on central Israel and the rescue service treated more than 100 casualties on day one. Three US service members were killed in action and five seriously wounded.

Inside Iran, the toll was staggering. State media cited Red Crescent figures of at least 201 dead and 747 injured across 24 provinces. A Washington-based human rights group estimated at least 133 civilian deaths as a minimum. Iranian state media reported that 40 students at an all-girls school in the southern city of Minab were killed.

Hormuz Choked, Skies Closed

The economic fallout could outlast the fighting. The IRGC declared the Strait of Hormuz — through which more than 20 percent of the world’s oil transits — “effectively closed.” At least two tankers and an Omani port were attacked, and ships began stacking in the Arabian Sea. Crude prices are expected to spike sharply when trading resumes Monday.

Airspace closures grounded more than 1,800 flights. Dubai, Abu Dhabi, and Doha — hubs that together handle roughly 90,000 passengers daily — shut down entirely. At least 145 aircraft were diverted, stranding travelers across Europe, Asia, and the Gulf. The State Department authorized departure of non-emergency staff from Qatar and told Americans across the region to shelter in place.

Power Vacuum and Global Reaction

A temporary leadership council has taken over in Tehran. Veteran politician Ali Larijani, secretary of Iran’s Supreme National Security Council and a former nuclear negotiator known for pragmatism, announced the interim body. Foreign Minister Abbas Araghchi insisted Iran’s military remains “capable enough to defend our country” and said Tehran is open to de-escalation — but only after the aggression stops.

Trump was unequivocal. Strikes would continue “throughout the week or, as long as necessary,” he wrote, urging Iran’s security forces to surrender or face “certain death.” Netanyahu told Iranians in Persian to “complete this work.” Exiled crown prince Reza Pahlavi called it “the game changer we’ve been waiting for.” Inside Iran, videos showed civilians celebrating — and regime supporters mourning in the streets.

Democrats demanded a War Powers vote. The UN Security Council met in emergency session. The IAEA board convenes Monday. NATO said it was monitoring. Russia called the strikes “unprovoked aggression.” Turkey denied the US use of its airspace. Britain said it had planes overhead for “regional defensive operations.”

And at the FBI, Director Kash Patel put counterterrorism teams on 24/7 alert — a quiet acknowledgment that the consequences of the most dramatic 48 hours in the Middle East since 1979 are only beginning to be felt at home.

This is part of The Rio Times’ daily coverage of Latin American news and Latin American financial news.

For more context, read Brazil’s Morning Call and the Ibovespa market report.

Key Facts

Deep Dive

For the complete picture, read our in-depth guide: Iran War and Hormuz Crisis 2026: Oil, Latin America and the Global Fallout

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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