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strikeMar 25, 2026

FTSE 100 Live: Shares rise on US diplomacy push with Iran, but Tehran 'does not accept'

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FTSE 100 Live: Shares rise on US diplomacy push with Iran, but Tehran 'does not accept' Last updated: 12:56 25 Mar 2026 GMT, First published: 07:16 25 Mar 2026 GMT - FTSE 100 up 125 points to 10,090 - Brent oil price drops below $100 - Iran says 'non-hostile' vessels allowed through Hormuz - US 15-point proposal passed to Tehran via intermediary countries - Trading updates from Asos, Diageo, Crest Nicholson, RS Group 12.55pm: Iran rejects US diplomatic efforts Oil prices are rising again as Iran has rejected the US ceasefire offer, but stock markets are remaining upbeat. Brent's fall has eased off with the international oil gauge now at $99.66 a barrel, up from below $98 earlier. In the background, Iran's Fars news agency said 'an informed source' stated: "Iran does not accept a ceasefire. Fundamentally, entering into such a process with those who violate their pledges is not logical." The agency said in a series of posts on X that sources report increased US efforts since Saturday to establish a ceasefire and initiate indirect negotiations with Iran, but emphasised that Tehran considers a ceasefire and negotiations under current conditions to lack legitimacy. 11.57am: What investors think Over half of institutional investors (54%) expect a US-Iran ceasefire by end-April, according to a Deutsche Bank survey conducted this week, but more think oil prices will remain elevated for longer. Macro strategist Jim Reid shared a few headline takeaways, including that even if a ceasefire arrives by the end of April, survey respondents expect the Strait of Hormuz to normalise more slowly, with 41% thinking it won’t be back to normal until at least Q3. Most expect Brent crude to remain above $100 for much of the next three months (with Brent having traded around $100-115 during the survey window). US recession probabilities are up by around 5.5 percentage points since DB last asked in December, while five-year European inflation expectations have jumped but US inflation expectations have only edged higher. Hopes for a 2026 Ukraine ceasefire have fallen sharply since December. As for AI, adoption at work has increased meaningfully since December, with respondents pessimistic about AI’s impact on jobs. 11.36am: Suspicious trading activity around Trump posts US media have flagged suspicious trading patterns around President Trump’s most market-moving announcements, with unusual activity appearing minutes before key developments. There was a sharp spike in S&P 500 futures volume early in New York trading on Monday, alongside roughly $580 million of unusually timed oil trades, just ahead of Trump signalling a pause in strikes on Iran. Equities surged and oil slumped immediately after the announcement, raising questions over whether traders may have acted on advance knowledge, though the White House has dismissed the allegations. Axios called "an epidemic of suspicious trading”, noting that exchange data shows spikes just minutes or hours before Trump posts an announcement that sends markets plunging or soaring. Prediction markets have also shown similar activity. It has not gone unnoticed in Iran either. Minutes before Trump’s cryptic Truth Social post hinting at “talks” with Iran—a nation long targeted by US sanctions and military threats—unexplained market activity spiked, raising serious questions about insider collusion and the weaponization of war rhetoric for financial gain pic.twitter.com/4lrwdz5iCG— Tasnim News Agency (@Tasnimnews_EN) March 25, 2026 11.09am: Croda upgraded on inflation resistance Top of the FTSE risers is Croda International after a Morgan Stanley upgrade sent the stock up 4.3%. Analysts argue that the speciality chemicals company is better positioned than most of its peers to protect profits during the current inflationary cycle by passing rising input costs on to customers more quickly. Raw material costs are estimated to increase around 9% in 2026, driven by higher prices for bio-based inputs such as palm oil and rapeseed oil, as well as petrochemicals and packaging materials. Croda, the analysts reckon, can absorb that pressure more effectively than rivals like Givaudan, Symrise and DSM-Firmenich as it relies less on long-term fixed contracts, allowing it to reprice quarterly rather than waiting up to six months. Elsewhere, Citi has given its approval of ARM Holdings' new business plan. By manufacturing its own silicon, with Meta and OpenAI as launch partners, ARM is signalling that it believes it can compete for a larger slice of that spending directly. Citi sees the stock is attractively valued given the scale of the opportunity. 10.40am: FCA proposes changes to encourage more financial advice The UK financial regulator is proposing some minor reforms to make it easier for firms to give more simplified forms of financial advice to consumers. Firms are already able to provide more simplified forms of advice, but not many offer it, the Financial Conduct Authority noted. So it has proposed some "small changes", including simplifying advice rules and making existing flexibility rules clearer so firms actually use them. It is also considering changes to ongoing advice models and launching a review of 'trail commission', though stressed that it is not proposing to change adviser charging rules. FCA deputy chief executive Sarah Pritchard said support for people to make important financial decisions "has been out of reach for many", so enabling the market to provide "good quality, lower cost simplified advice alongside comprehensive financial advice and targeted support will better support people making decisions about their financial lives". Chris Paskiewicz at the Association of British Insurers says this is "a positive step towards closing the advice gap", but not consulting on the adviser charging rules means "the regulator risks limiting how providers and savers could use the service". 9.46am: House price data Average UK house prices were up 1.3% in the year to January, easing from December's 1.9% growth. The average monthly rate of house price growth in January fell 0.3%, with the average UK house price currently at £268,000. Average UK private rents rose by 3.5% in the year to February, unchanged since January 2026. ONS head of housing, Ian Boreham, said: "UK annual house price inflation continued to ease in January." He noted that house prices have fallen in the south of England, with London seeing an annual decrease for the sixth consecutive month with inner London boroughs seeing the biggest declines. The North West was the English region with the highest price inflation. “After over a year of slowing annual growth, UK private rents inflation held steady in the year to February," Boreham said. "Whilst in many parts of the UK the annual growth in rental prices has continued to fall, in the South West and in Yorkshire and the Humber there have been small increases while London has seen a larger rise." 9.11am: European stocks up strongly, oil prices After just over an hour of trading, the FTSE has lost some of its early head of steam but is still up over 1%. Gains in Europe are also strong, with benchmarks in Frankfurt, Paris, Milan and Madrid all up around 1.3-1.5%. In London, Asos is one of the big risers, up 15% on the back of its update earlier. RS Group, the former Electrocomponents, is down 4% as full-year profits marginally ahead of analyst expectations were mostly ignored as investors focused on a steeper-than-expected drop in revenues. Markets are higher this morning as optimism is growing around a potential resolution to the Middle East conflict, says market analyst Matt Britzman at Hargreaves Lansdown. Washington has reportedly sent Tehran a rehashed 15-point proposal aimed at resolving tensions, while Israeli media indicate that the US is pushing for a one-month ceasefire to allow negotiations to take place. But, as per the update below, comments coming out of Iran are not positive. On the plus side, Iran said "non-hostile" vessels could use the crucial Strait of Hormuz shipping route. Oil prices have moved lower, which Britzman says offers some relief to equities that had been weighed down by worries over inflation and the knock-on impact for interest rates. "It’s still a highly fluid situation, trying to call how the rest of the week plays out would be unwise, but there are now clearer signs that we are on a path toward de‑escalation." Energy prices are still sitting at elevated levels, "and it will likely take a full reopening of the Strait of Hormuz to drive any meaningful and sustained move lower from here", he adds. US futures have also edged higher this morning, with the three main indices all pointing to gains of around 0.9%. 8.48am: Mortgage rates jump Average mortgage rates have jumped sharply since the Middle East conflict intensified, with more than 1,700 products withdrawn from the market since 9 March, according to Moneyfacts. The average two-year fixed rate has risen from 4.85% to 5.56%, with lenders pricing in several Bank of England base rate increases. Analyst Caitlyn Eastell warned that borrowers rolling off low five-year fixed deals face monthly repayments rising by more than £380 on a typical £250,000 loan, while those on tracker mortgages could see costs jump by around £430 a year from even a single 0.25% rate rise. 8.28am: Oil prices fall despite Iran dismissal of diplomacy Oil prices are continuing to fall, with de-escalation in the Middle East key to the market mood this morning. Brent crude has dropped to $98.2 a barrel. "Hopes are rising that there could be a month-long ceasefire while a long-term peace plan is negotiated between the US and Iran. This is boosting market sentiment, but the situation remains fluid," says market analyst Kathleen Brooks at XTB. An Iranian spokesperson has dashed hopes that peace talks were taking place and said that the US is "negotiating with itself". A spokesperson for the Islamic Revolutionary Guard Corps said in a video message: "There will be no news of your investments in the region, nor will you see the previous prices of energy and oil, until you understand: stability in the region is guaranteed by the powerful hand of our armed forces." A spokesperson for the Iranian Foreign Ministry dismissed US claim of seeking talks: "Iran is under constant bombardment and missiles by the US and Israel. So their claim of diplomacy and mediation is not credible. Because they have started this war and they are continuing to attack Iran. So can anyone possibly believe that their claim [of] mediation is credible?” he said. Brooks said more statements and denials should be expected, "as negotiating a long-term peace with the Iranian regime is a complex task. "Thus, although the war is in a different stage compared to last week, this is still a news driven market, and traders are cautious until we get concrete plans of what the next steps to peace look like, and what happens as Israel continues to strike Iran." 8.13am: FTSE 100 rockets higher at open The FTSE 100 has rocketed higher at the open, soaring 154 points to 10,048. Miners, financials, housebuilders and airlines are driving the rebound, with Fresnillo, Anglo American and Endeavour all up around 3.5%. Barclays, Rolls-Royce, Melrose Industries, Barratt Redrow, Antofagasta and IAG are all up over 2.5%. 8am: Diageo sells Indian cricket franchise Guinness owner Diageo is selling Royal Challengers Bengaluru, one of the most popular cricket franchises in the Indian Premier League, for around £1.3 billion – nearly 16 times what was paid for it less than two decades ago. United Spirits Limited (USL), the FTSE 100 drinks giant's Indian subsidiary, has agreed to sell its 100% stake in the franchise, which was originally bought for $111.6 million in 2008 by liquor tycoon Vijay Mallya, with Diageo taking control of United Spirits and in 2012-13, with Mallya eventually exiting the board around 2016 amid legal and financial troubles. The sale comes after the team won its first IPL title in 2025, in the tournament's 18th edition. The deal concludes a strategic review launched by USL in November 2025, with Diageo describing the franchise as non-core to its drinks business. 7.39am: Asos profits improve as sales decline slows ASOS has reported a near-50% jump in underlying profits for the first half of its financial year, as the online fashion retailer's turnaround continues to gain momentum. The improvement was driven by a higher gross margin, which rose to 48.5%, alongside lower return rates and tighter cost control. The full-year margin target is 48-50%. Sales, however, remain under pressure, with the total value of goods sold falling 9% year on year, though the rate of decline improved from the 12% in the past full year. Chief executive José Antonio Ramos Calamonte said: "We are seeing improvements in new customer growth and strong performance in our womenswear business, both of which are encouraging lead indicators for sales growth." 7.26am: Inflation flat, but outlook 'completely changed' On the February inflation data, collected before the outbreak of the war in the Middle East, ONS chief economist Grant Fitzner said the largest upwards driver was the price of clothing, which rose this time but fell a year ago. "This was offset by falls in petrol costs, with prices collected before the start of the conflict in the Middle East and subsequent rise in crude oil prices. "A fall in the cost of alcoholic drinks due to promotional activity, compared with a rise last year, was also a downward driver, while little change in food prices, again compared with a small rise this time last year, added further downward pressure." But the inflation outlook for the UK has "completely changed" following the outbreak of the Gulf conflict, says economist Nicolas Crittenden at the National Institute of Economic and Social Research. "We expect inflation to rise beyond this latest figure and remain well above target at least for the rest of this year, largely due to elevated energy prices stemming from the conflict. "The current crisis is different compared to the last energy price shock in 2022. The labour market is weaker than it was four years ago and real interest rates remain positive. "Inflation expectations will rise, but workers' ability to bargain for higher wages is likely to be diminished by the overall lack of demand for employment. "This should allow the Bank of England to look through the shock for now while avoiding a wage-price spiral. "As it stands, a rate raise at the next meeting in April should be off the table, despite the notable signalling towards a response last week. Clear communication on future policy, and setting clear conditions for possible rate hikes, should be the priority for the Bank now." 7.16am: FTSE 100 called higher as oil prices fall The FTSE 100 has been called higher on Wednesday, as oil prices dropped and UK inflation remained unchanged last month. On the futures market, London's blue-chip index is pointing around 55 points higher, after yesterday adding 71 points to close at just over 9,965. Fresh data this morning showed the UK consumer prices index rose 3.0% in the year to February, unchanged from January as various price movements offset each other. The data has become almost meaningless since the outbreak of the war in the Middle East, which has sent energy prices soaring. Overnight, US stocks decline, led by the tech-heavy Nasdaq, which slid 0.8%, while the S&P 500 and the Dow Jones fell 0.4% and 0.2%, respectively. Asian stocks are all in green again this morning, led by Japan's Nikkei and India's Sensex, both up over 2%. Brent crude oil futures are down 4.75% this morning at $99.6 a barrel, with US WTI down 3.8% at $88.8.

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President Donald Trump has made another bombastic pronouncement amid the war with Iran. On Tuesday, he shared a map labeling the Strait of Hormuz “NEW U.S. Territory,” via his Truth Social platform. Iran has continued to stress that the strait will not be fully reopened until Washington meets its slew of demands, including ending its blockade on Iranian shipping and scrapping oil sanctions.

Ship Hit in Strait Just hours before Trump’s latest post, a vessel exiting the Strait of Hormuz was struck by an unidentified projectile off the coast of Oman. According to the United Kingdom Maritime Trade Operations, the ship’s engine room was hit, resulting in a “crew casualty.

” Officials did not immediately identify the vessel or its cargo. The Omani Coast Guard said it was assisting the remaining crew as authorities investigated the incident. Iran’s Stranglehold on the Strait Since the United States and Israel launched attacks on the Islamic Republic on February 28, Iran has tightly restricted shipping through the waterway.

Prior to the war, around one-fifth of globally traded oil passed through Hormuz. Iranian parliamentary speaker Mohammad Bagher Qalibaf said Tuesday that Tehran would maintain its restrictions until Washington fulfilled what Iran considers its commitments under the interim U.

S.-Iran agreement struck in June. Those demands include lifting the U.S. blockade of Iranian ports, releasing frozen Iranian assets, removing sanctions on Iranian oil and gas exports, and ending U.S. military threats and operations. “Until the United States fulfills its commitments under the agreement … the Strait of Hormuz will not reopen,” Qalibaf said.

Blockade Vs. Territory Asked in the Oval Office on Monday about his earlier suggestion that Hormuz could become American territory, the president said he liked the idea. “We control it with the blockade, and I like the idea of declaring it a territory,” Trump told reporters, adding: “We have total control over the strait now.

” Washington’s blockade is hitting Iranian shipping hard. U.S. Central Command said Monday that American forces had redirected 64 commercial vessels, disabled three ships, and boarded another two as part of the renewed blockade. That does not mean Washington has eliminated Iran’s ability to disrupt other shipping.

Tuesday’s unexplained attack came after a string of strikes on vessels attempting to navigate the area. Iran’s Deputy Foreign Minister Kazem Gharibabadi also rejected Trump’s territorial claim on Tuesday, describing it as a “delusion.” Tehran has repeatedly maintained that it, rather than Washington, will determine when normal passage through the strait resumes.

Iran and Oman Near Deal Complicating matters further are separate negotiations between Iran and Oman, the two countries sitting on opposite sides of the strait. Iran said Monday that the two governments were finalizing details of an agreement concerning shipping routes through Hormuz.

Foreign Ministry spokesman Esmail Baghaei said an “understanding has been reached regarding the map of the transit route.” Trump responded by threatening Oman, a longstanding U.S. partner, telling Fox News that Washington would “bomb the shit out of them” if Muscat “gets in the way.

” The diplomatic clock has already run down. The 60-day negotiating period established by the June memorandum between Washington and Tehran expired on Monday without a broader agreement being reached. Trump has said the United States is not seeking an extension.

Tehran Likely to Double Down Columnist Melanie Phillips slammed President Trump’s plans for a ceasefire last month, complaining that it had given Tehran the upper hand and showed that “everyone can now see America is not prepared to make the sacrifices necessary to defend itself.

” Trump has claimed Iran has essentially lost this war and that the blockade is massively damaging its economy. However, he has also instructed his team to pursue a “low-key” approach to talks. On July 7, Trump said the agreement was “over”, while Iran’s Foreign Ministry said it was “suspended” the following week.

“They should put up the white flag of surrender,” Trump told Fox News on Monday, claiming that backchannel talks with the Islamic Revolutionary Guard Corps (IRGC) were ongoing. The IRGC has denied these claims. On Tuesday, Trump dramatically changed his tune, stating that no talks with Iran were ongoing, and that no discussions were scheduled.

About the Author: Georgia Gilholy Georgia Gilholy is a journalist based in the United Kingdom who has been published in Newsweek, The Times of Israel, and the Spectator. Gilholy writes about international politics, culture, and education.

Location: Tehran
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Iran War Day 172: ‘No Talks’ Scheduled with Tehran, Trump Says In a post on Truth Social Tuesday President Donald Trump said that “there are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran.” Trump added that the U.

S. naval blockade on the Strait of Hormuz “remains in full force and effect” and that the waterway “is open and operating.” In a separate post, Trump published an image labelling the strait as “NEW U.S. Territory.” Only six commodity ships transited the Strait of Hormuz on Monday, according to Kpler data cited by Reuters.

Iran’s Speaker of Parliament Mohammad Bagher Ghalibaf said Tuesday, Until the commitments made by the United States in the memorandum of understanding, including the lifting of the blockade, the release of frozen assets, the lifting of oil sanctions, the end of threats and military operations on all fronts, and other conditions to which America agreed in the memorandum, are implemented, the strait will not be opened.

The deadline for that memorandum of understanding—signed by Trump and Iran’s president in June—expired on Monday. The two nations had agreed to negotiate a final peace deal over a 60-day period, but the framework agreement quickly fell apart, and the deadline seemingly wasn’t extended, despite mixed reporting.

Subscribe Today Get daily emails in your inbox Ghalibaf will lead a “high-level parliamentary delegation” to Iraq on Wednesday, Iran’s Fars news agency reported. The visit comes as pro-Iran militia groups face a September 30 deadline set by the Iraqi government to disarm.

Syria condemned reported Israeli strikes against Abu Duhur airbase on Tuesday, while the U.S. expressed concern over the incident. U.S. Ambassador to Turkey and special envoy for Syria and Iraq Tom Barrack wrote on X that “we are deeply concerned that the confirmed Israeli airstrikes on Abu al-Duhur Airbase constitute an unnecessary escalation that does not advance regional stability.

” The price of Brent Crude oil was over $91 per barrel on Tuesday morning. AAA recorded the national average price of regular gas at $4.07.

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U.S. President Donald Trump said on Tuesday no talks were taking place with Iran and none were scheduled, and he insisted that the Strait of Hormuz was open, contradicting an earlier Iranian assertion that the critical waterway remained shut to shipping.

The receding prospects of a deal to end the nearly six-month conflict drove up oil prices again on Tuesday, while stock markets sagged and borrowing costs for major economies including the U.S. hit multi-decade highs, amid concerns about the long-term inflationary and fiscal impact of the crisis.

A temporary ceasefire agreement expired on Monday and a senior Iranian official told Reuters that his country was moving to a “fully offensive” military posture due to the diplomatic stalemate, though there were no reports of fresh strikes by either side on Tuesday.

“There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran,” Trump said in a post on Truth Social on Tuesday. “The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating. All water mines have been removed or detonated,” he added.

On Monday, Jared Kushner, Trump's son-in-law and special envoy, had sounded an optimistic note, saying talks with Iran were still under way and were “probably more robust” than they had ever been. Despite Trump's typically ebullient remarks about the situation in the Gulf, preliminary shipping data on Tuesday showed ship crossings via the Strait of Hormuz were still in single digits on Monday.

The United Kingdom Maritime Trade Operations said it received a report on Tuesday that a vessel was struck by an unknown projectile while transiting outbound in the Strait of Hormuz, causing engine room damage and a crew casualty. The remaining crew were being assisted by the Omani Coast Guard, according to the report.

Top Iranian negotiator Mohammad Baqer Qalibaf said in comments published by state media that the strait would remain shut until the U.S. met the conditions of an interim deal signed with Iran in June. These conditions include the U.S. lifting its blockade of Iranian ports, lifting oil sanctions, releasing Tehran's frozen assets, and ending threats and military operations on all fronts, Qalibaf told parliament.

A memorandum of understanding signed on June 17 had set a 60-day time frame for a broader deal on Iran's nuclear programme and U.S. sanctions. That period elapsed on Monday and Trump said he had no plans to extend it. The agreement, which declared the “immediate and permanent termination of military operations on all fronts,” had quickly unravelled over a dispute about control of the Strait of Hormuz, the narrow waterway through which a fifth of global oil and liquefied natural gas flowed before the war.

Both Trump and Tehran have frequently switched between threats and more emollient rhetoric as they seek a way out of the crisis, which erupted when the U.S. and Israel launched strikes against Iran on February 28. Iran remains open to dialogue with the U.

S. but does not confuse negotiations with surrender, Mohammad Mokhber, an adviser to Iran's supreme leader, said on Tuesday, according to the semi-official Fars news agency. Mokhber said military pressure and sanctions would not break Iran's resolve and that the country would defend its security, dignity and allies while not seeking war.

Even as Iran projects resilience in the war, its leaders are worried that a threat of more economic punishment could increase hardships, reignite unrest and further erode the Islamic Republic’s legitimacy, according to three Iranian officials. Thousands of people have been killed in the conflict, mainly in Iran and Lebanon.

Iran has bombed U.S. military bases and infrastructure in countries including Oman, Jordan, Kuwait, Israel, the United Arab Emirates and Saudi Arabia. Benchmark Brent crude oil futures have surged during the conflict, hitting a peak of $126 a barrel, roughly 75% above pre-war levels.

Brent crude futures settled up 20 cents on Tuesday at just over $91 a barrel. For Americans who will vote in November congressional elections, gasoline prices have risen above $4 per gallon, up from less than $3 before the war, according to the automotive group AAA.

Location: Tehran
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Iran is rebuilding the upper ranks of its military and security establishment after months of wartime losses by turning largely to familiar veterans — figures whose careers in some cases stretch back to the 1979 Islamic Revolution, the Iran-Iraq War and previous domestic crackdowns.

The appointments follow the deaths of several senior Iranian commanders in U.S.-Israeli strikes since the war began Feb. 28, The National reported Aug. 11. For Washington, the stakes go beyond who fills the vacancies. The reshuffle puts veteran hardliners atop institutions that shape Iran’s military operations, national-security policy and internal security at a time of renewed confrontation with the United States.

The appointments do not prove that Tehran has run out of younger commanders or that loyalty was the sole criterion, but the reliance on figures whose careers stretch back decades is raising a broader question for U.S. policymakers: whether wartime losses have left Iran increasingly dependent on a smaller circle of trusted ideologues — potentially narrowing the room for compromise even as Washington tries to pressure Tehran back toward a deal.

IRAN’S REVOLUTIONARY GUARD SIDELINES PRESIDENT AS MILITARY GRIP EXPANDS Former American prisoner Morad Tahbaz, who was detained in Iran in 2018 and freed in a U.S.-Iran prisoner exchange in September 2023, told Fox News Digital that he views the latest appointments as evidence of Tehran's continued dependence on longtime loyalists.

"They keep rotating the same old people, most of whom are fairly inept but are loyal to the Khamenei father and son," Tahbaz told Fox News Digital. The reshuffle spans Iran's conventional military, the Islamic Revolutionary Guard Corps, its naval arm, the Basij paramilitary force and the country's highest national-security council.

Iran's state-run IRNA reported Aug. 10 that Supreme Leader Mojtaba Khamenei appointed Ali Abdollahi chief of staff of the Armed Forces, Kioumars Heydari his deputy, Ahmad Vahidi commander of the IRGC, Mostafa Izadi deputy IRGC commander, Ali Ozmaei commander of the IRGC Navy and Hossein Taeb head of the Basij.

The previous day, former IRGC commander Mohsen Rezaei, 71, was named secretary of the Supreme National Security Council and Khamenei's representative on the powerful body. Reuters reported Aug. 10 that the SNSC coordinates Iran's security and foreign policy and that Rezaei replaced Mohammad Baqer Zolqadr, who had been appointed secretary in late March following the death of his predecessor, Ali Larijani.

The appointments do not establish that Iran has run out of younger or less familiar commanders. But the reliance on longtime military and security figures has fueled assessments that wartime losses have narrowed the regime's pool of officials it regards as sufficiently experienced and politically trustworthy.

Erfan Fard wrote for the Middle East Forum on Aug. 15 that Khamenei was not promoting a new generation but turning to veterans of the revolution, the Iran-Iraq War, intelligence operations and domestic repression, arguing that an architecture based on "institutional memory, loyalty, and coercive power" was taking shape.

The Foundation for Defense of Democracies argued in an Aug. 12 policy brief that the reshuffle looked "less like renewal than a game of musical chairs among regime veterans." The appointments also formalized the position of Ahmad Vahidi, a veteran hardliner who had already emerged near the center of wartime decision-making.

Vahidi was a major player in shaping Tehran's wartime policy and had risen through the IRGC's early intelligence and external-operations apparatus before later serving as defense and interior minister. As interior minister, Vahidi oversaw police units involved in the crackdown on the 2022 protests.

IRNA confirmed Aug. 10 that Khamenei promoted Vahidi to major general and formally appointed him commander-in-chief of the IRGC. WHO IS AHMAD VAHIDI? IRAN’S NEW IRGC CHIEF TIED TO GLOBAL ATTACKS AND ‘DEATH TO AMERICA’ IDEOLOGY Hossein Taeb: The intelligence veteran returns to the Basij to build a ‘20-million-strong Basij force.

’ One of the most closely watched appointments is Hossein Taeb, the cleric and veteran security official tapped to lead the Basij, the IRGC's volunteer paramilitary force that has repeatedly been used against domestic dissent. The National reported that the Basij has been used to suppress internal dissent, while The Times reported Aug.

12 that the force is embedded in neighborhoods, universities, workplaces, factories, ministries and mosques and has played a central role in suppressing successive uprisings. For Tahbaz, Taeb's return is personal. Tahbaz was detained in 2018, while Taeb was leading the IRGC Intelligence Organization.

"Ta’eb is extremely close to Mojtaba Khamenei but was very unceremoniously fired from his former position as head of the IRGC Intelligence Organization," Tahbaz told Fox News Digital. "He was personally responsible for my and my colleagues' arrests and detentions.

He lives and breathes conspiracy theories." The Times reported Aug. 12 that Taeb and Mojtaba Khamenei's relationship dates back more than four decades and that both served in the Habib Battalion during the Iran-Iraq War. The newspaper also reported that IRGC intelligence arrested environmentalists and dual nationals during Taeb's tenure.

Taeb previously commanded the Basij before moving into IRGC intelligence. The Times reported that months after the disputed 2009 election, the Guards' intelligence division was elevated into an independent organization with Taeb as its first chief. Taeb's earlier leadership of the Basij also drew U.

S. sanctions. In a Sept. 29, 2010 Treasury Department fact sheet, the U.S. government said that while Taeb commanded the Basij during the June 2009 election, forces under his command participated in "beatings, murder, and arbitrary arrests and detentions of peaceful protestors.

" According to IRNA, Parliament Speaker Mohammad Bagher Ghalibaf congratulated Taeb on his appointment as head of the Basij Organization, saying his tenure could mark a new chapter for the volunteer force. Ghalibaf said the Basij now needs a more comprehensive and forward-looking approach and argued that Taeb’s appointment by the supreme leader could help advance what he described as one of Ayatollah Ruhollah Khomeini’s longstanding goals: building a 20-million-strong Basij force.

UN WATCHDOG SLAMS POTENTIAL ELECTION OF IRAN TO PANEL WITH HUMAN RIGHTS SWAY: 'LUNATICS RUNNING THE ASYLUM' Mohsen Rezaei: Back at the center after four decades Few appointments better illustrate the return of Iran's old guard than Mohsen Rezaei, who was named secretary of the Supreme National Security Council.

Reuters reported Aug. 10 that Rezaei joined the IRGC shortly after the 1979 revolution, became its commander in 1981 at age 27 and led the force for 16 years, including through most of the 1980-88 Iran-Iraq War. He later served as secretary of Iran's Expediency Discernment Council for more than two decades and as vice president for economic affairs from 2021 to 2023 under President Ebrahim Raisi.

Now, at 71, he is secretary of the SNSC and Khamenei's representative on the body. Beni Sabti, an Iran expert at Israel's Institute for National Security Studies, argued that bringing back longtime figures such as Rezaei reflects weakness rather than renewal.

"This is, again, another evidence that they don't have anyone else," Sabti told Fox News Digital. "So they have to bring him out again from the desk and put him somewhere. These are the guys that they have." Rezaei and Vahidi were also among six people for whom INTERPOL authorized Red Notices requested by Argentina in 2007 in connection with the investigation into the 1994 bombing of the AMIA Jewish community center in Buenos Aires.

INTERPOL said in November 2007 that its General Assembly upheld the publication of notices for six individuals, including Ahmad Vahidi and Mohsen Rezaei, after Iran challenged Argentina's requests. Sabti argued that Rezaei's re-emergence is particularly telling because Tehran's decision-making circle has become less ideologically diverse.

"Today, there is only one opinion, and this is the main problem," Sabti said. "This is why you think that there is unity and the system is stronger. No, it's not stronger. Actually, it's weaker also because of that." TRADE VESSEL STRUCK BY PROJECTILE IN STRAIT OF HORMUZ AMID US-IRAN TALKS Ali Abdollahi: A wartime commander takes the top military job Ali Abdollahi was elevated to chief of staff of Iran's Armed Forces, putting him at the top of the country's military command structure.

IRNA confirmed the appointment Aug. 10. Abdollahi had previously commanded the Khatam al-Anbiya Central Headquarters, Iran's joint operational command responsible for coordinating its armed forces in wartime, according to Iran International on Aug. 10.

His appointment also comes amid an effort to integrate the Khatam al-Anbiya Central Headquarters more closely with the Armed Forces General Staff. Le Monde reported Aug. 11 that Abdollahi's task includes completing that integration in an effort to further centralize command and coordination.

Fard argued in his Aug. 15 Middle East Forum analysis that Abdollahi's elevation exemplifies Tehran's reliance on longstanding revolutionary-security figures rather than a generational break. FREED AMERICAN REVEALS BRUTAL IRAN PRISON ORDEAL, WARNS HOSTAGES FACE GREATER DANGER Kioumars Heydari: The regular army moves closer to the center Former Army Ground Forces commander Kioumars Heydari was appointed deputy chief of staff of the Armed Forces, bringing a senior officer from Iran's conventional military into the new command structure.

The National reported that Heydari formerly commanded the Army Ground Forces and has held senior positions in Iran's regular army, known as the Artesh. IRNA independently confirmed his appointment. His inclusion also demonstrates that the reshuffle is not limited to the IRGC.

Fard argued in the Middle East Forum that Heydari's previous public rhetoric surrounding protest suppression indicates that Tehran has increasingly integrated the regular army into its domestic-security posture. Mostafa Izadi: Another veteran rises inside the IRGC Mostafa Izadi was appointed Vahidi's deputy, putting another longtime commander near the top of the IRGC hierarchy.

IRNA confirmed Izadi's appointment Aug. 10, while The National described him Aug. 11 as a veteran commander who has held a number of senior positions in Iran's military and security establishment. Iran International reported that Izadi previously commanded the Cyber and New Threats Headquarters within the Khatam al-Anbiya Central Headquarters.

IRAN HARDLINER BEHIND US DEAL WARNS TEHRAN WON’T HONOR AGREEMENT IF TRUMP FAILS TO DELIVER Ali Ozmaei: A new commander at one of Iran's most sensitive fronts Rear Adm. Ali Ozmaei was appointed commander of the IRGC Navy, putting him in charge of a force central to Iran's military posture in the Persian Gulf and Strait of Hormuz.

The National reported Aug. 11 that Ozmaei replaced Alireza Tangsiri, who was killed in an Israeli airstrike in March, and that the IRGC Navy is responsible for Iran's military operations in the Gulf and around the Strait of Hormuz. Iranian state media also highlighted Ozmaei's longstanding maritime experience.

IRNA reported Aug. 11 that Parliament Speaker Mohammad Bagher Ghalibaf praised Ozmaei's years in maritime defense and his familiarity with the current conflict and the Strait of Hormuz. The appointment came one day before Rezaei said the Strait of Hormuz would remain closed unless the United States changed its behavior and accepted Iran's conditions.

Reuters reported that Rezaei said Washington would have to end the war and unfreeze Iranian funds overseas, with other conditions relayed through mediators. Taken together, the seven personnel changes show Tehran moving to fill and reshuffle critical military and security posts after significant wartime losses.

What remains an assessment rather than an established fact is whether the identities of those chosen reveal a deeper shortage of trusted successors. Sabti said the return of veteran figures reflected what he sees as a shrinking bench of trusted officials and a less diverse decision-making circle.

Tahbaz offered a less academic version of that assessment. CLICK HERE TO DOWNLOAD THE FOX NEWS APP "They keep rotating the same old people," he said.

Location: Tehran