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CNN —Funeral ceremonies are set to begin on Tuesday for the late Iranian President Ebrahim Raisi following his death in a helicopter crash, as authorities probe what caused the aircraft to smash into the side of a remote mountainside during foggy weather on Sunday morning. A helicopter carrying Iran's President Ebrahim Raisi takes off on May 19, 2024, before the crash took place. There is no indication what might have caused the crash – and why so many senior Iranian government officials were traveling in a single, decades-old helicopter. A high-ranking delegation will go to the crash site in Eastern Azerbaijan, according to Iran’s Tasnim news agency. Inside Iran, where many of the country’s restive youth population have grown tired of rule by conservative clerics, Raisi had a much more polarizing legacy.
Persons: Ebrahim Raisi, Ayatollah Khamenei, Mohsen Mansouri, Ali Hamed Haghdoust, Mansouri, Reza, Khamenei, , , Abdulkadir Uraloglu, Uraloglu, Iran’s, , Ayatollah Khamenei —, Vladimir Putin, Xi Jinping, Kim Jong, Kim, Xi, Raisi’s, Azin, ” Xi, Putin, Russia, ” Raisi, Raisi Organizations: CNN, Wana News Agency, Reuters, Mehr, Iranian, Turkish Transportation, Infrastructure, TRT, Moj News Agency, AP, Kremlin, US Locations: Tabriz, Iran, Qom, Tehran, Mashhad, Turkey, Turkish, Eastern Azerbaijan, Israel, Korean, Saudi Arabia, Ukraine, China, North Korea, Russia, Iranian
The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.
Persons: , Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London
Read previewCentral banks around the world have been snapping up gold, sending prices of the metal to record highs. The country's gold stash accounted for nearly three-quarters of its reserves as of March this year, according to WGC data. In 2022, Uzbekistan produced 110.8 tons of gold, making it the 10th top gold producer in the world, per WGC. Uzbekistan gold mining in March 2024. The country legalized private gold digging in 2019, and any gold found must be traded via its central bank.
Persons: , it's, VYACHESLAV OSELEDKO, Shavkat Mirziyoyev Organizations: Service, Business, World Gold, Central Bank of, Uzbek, AFP Locations: China, Saudi, Central Bank of Uzbekistan, Thailand, Kazakhstan, Uzbekistan, Kazakh
Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024. Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. "Fears of weaker demand led to selling as the prospect of Fed rate cut became more distant," said analyst Toshitaka Tazawa at Fujitomi Securities. Lower interest rates reduce borrowing costs, freeing up funds which could boost economic growth and demand for oil. OPEC+ could extend some voluntary output cuts if demand fails to pick up, people with knowledge of the matter previously told Reuters.
Persons: Toshitaka Tazawa, Philip Jefferson, Michael Barr, Raphael Bostic, Ebrahim Raisi, Ayatollah Ali Khamenei, Mohammed Bin Salman, Fujitomi's Tazawa Organizations: Brent, . West Texas, Federal, Fujitomi Securities, Atlanta Fed, Reuters, Saudi Arabia's Crown, Iranian, Investors, Organization of, Petroleum Locations: Kawasaki, Kanagawa Prefecture, Japan, Saudi, OPEC
Iran Begins Funeral Events for President Raisi
  + stars: | 2024-05-21 | by ( Cassandra Vinograd | ) www.nytimes.com   time to read: +1 min
Funeral events for Iran’s president and foreign minister began in northwestern Iran on Tuesday as investigators looked into the helicopter crash that killed them and the country grappled with the shock of losing two of its most prominent leaders at a volatile moment. Iran’s supreme leader, Ayatollah Ali Khamenei, has announced five days of mourning for the president, Ebrahim Raisi, 63, and the foreign minister, Hossein Amir Abdollahian, 60, who died when their helicopter plunged into a mountainous area near the Iranian city of Jolfa on Sunday. The state news media said the crash had resulted from a “technical failure.” Iran’s Armed Forces said it had begun an investigation and sent a team to the site. Some people held photographs of Mr. Raisi; the semiofficial Tasnim news agency reported that the country’s interior minister and acting president had been spotted in the crowd. He had been widely viewed as a potential successor to Ayatollah Khamenei, 85.
Persons: Ayatollah Ali Khamenei, Ebrahim Raisi, Hossein Amir Abdollahian, Raisi, Amir Abdollahian, Ayatollah Khamenei Organizations: Iran’s, Forces Locations: Iran, Iranian, Jolfa, Tabriz
CNN —Even before Iran’s army chief Mohammad Bagheri ordered an investigation into the helicopter crash that cost the Islamic Republic the lives of two of its top politicians, blame was being laid at America’s door. People mourn the death of President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian in a helicopter crash the previous day, at Valiasr Square, on May 20, 2024 in Tehran, Iran. The next question might be, knowing the weather was bad and having three helicopters on the journey, why put both president and foreign minister in the same aircraft? Former Foreign Minister Zarif would want the world to believe Iran’s technological core has been hollowed out by US sanctions, but that allegation too is tainted by hubris. Iran’s presidents are not idle, they need to go places.
Persons: Mohammad Bagheri, Ebrahim Raisi, Javad Zarif acidly, Abdulkadir Uraloglu, Raisi –, Hossein Amir, Abdollahian, Malek Rahmati, Mohammed Ali Alehashem –, Ilham Aliyav, Majid Saeedi, Yemen’s Houthis, AKINCI, Ali Khamenei, , Russia –, Zarif, Raisi Organizations: CNN, Islamic, Bell, Turkish Transport, Revolutionary Guard Corps, Former Locations: Islamic Republic, America’s, United States, Iran, Vietnam, Azerbaijan, Tabriz, Tehran, Turkish, Russia, Ukraine, Turkey
People attend funeral ceremony, held for Iranian President Ebrahim Raisi and his senior officials died in a helicopter crash, in Tabriz, Iran on May 21, 2024. Thousands of mourners descended on Tabriz on Tuesday for a funeral ceremony honoring Iranian President Ebrahim Raisi, who perished in a helicopter crash over the weekend, leaving an indelible void in the country's leadership succession plans. Some mourners are shown brandishing photographs of Raisi, while others trooped behind lines awaiting the procession. Services for Raisi will be held between Tuesday and Thursday in Tabriz, Qom, Birjand and Iranian capital Tehran. "Our honorable Raisi worked tirelessly," Khamenei said on the X social media platform on Monday.
Persons: Ebrahim Raisi, Hossein Amirabdollahian, IRNA, Ayatollah Ali Khamenei, Raisi, Khamenei, Butcher, Mahsa, Amirabdolahian, Bashar Assad Organizations: Iranian, Islamic Republic News Agency, CNBC, Raisi, Human Rights Watch, Palestinian, Hamas Locations: Tabriz, Iran, Qom, Birjand, Tehran, Mashhad, Azerbaijan, East, Israel
Rescue teams' vehicles are seen near the site of the incident of the helicopter carrying Iranian President Ebrahim Raisi in Varzaghan in northwestern Iran, on May 19. It has also brought a decades-long shadow war between Iran and Israel out into the open. But the proxy war continues with Iran-backed militias such as Hamas and Hezbollah continuing to fight Israel’s forces. The powers of Iran's president are ultimately dwarfed by those of Supreme Leader Ayatollah Ali Khamenei, who is the final arbiter of domestic and foreign affairs in the Islamic Republic. That means Iran's clerical establishment, headed by Khamenei, must now find a new leader they can throw their support behind against a backdrop of intense regional insecurity and domestic discontent.
Persons: Ebrahim Raisi, Azin, Israel —, Israel, Mahsa, Raisi, Ayatollah Ali Khamenei, , Mohammad Mokhbar —, Khamenei Organizations: Moj News Agency, Hamas, Revolutionary Guards, United Locations: Varzaghan, Iran, Gaza, Israel, Damascus, Iranian, Isfahan, United Nations, Islamic Republic
Iranian state broadcasters are airing Islamic prayers in between their news broadcasts following the announcement that President Ebrahim Raisi and eight others died after the helicopter they were traveling in crashed in Iran's East Azerbaijan province. Iran's government convened an "urgent meeting" on Monday, according to Iranian state news agency IRNA. A photo shared by IRNA showed that the chair that Raisi usually sits in was vacant and draped with a black sash in memory of the president.
Persons: Ebrahim Raisi, IRNA Organizations: IRNA Locations: Iran's East Azerbaijan province, Iran's
Read previewIranian President Ebrahim Raisi has died after a helicopter crash in northwestern Iran, multiple news agencies reported, citing Iranian state media. Interior Minister Ahmed Vahidi told IRNA, Iran's state-run news agency, that a helicopter carrying Raisi and other senior Iranian officials was forced to make a "hard landing" on Sunday, without providing further details. Related storiesIran's foreign minister, the governor of Iran's East Azerbaijan province, and other officials were also on board the helicopter. Raisi is considered a "hard-liner" and a "protégé" of Iranian Supreme Leader Ayatollah Ali Khamenei. Raisi has led Iran through heightened tensions in the region, including the conflict between Israel and Hamas in Gaza.
Persons: , Ebrahim Raisi, Ahmed Vahidi, IRNA, Mohammad Mokhber, Al, Mokhber, Raisi, Ayatollah Ali Khamenei Organizations: Service, Business, Raisi, Associated Press, Iranian, United, United States Institute of Peace Locations: Iran, Iran's, Iran's East Azerbaijan province, Azerbaijan's, Al Jazeera, Israel, Gaza, Iranian, Damascus, United States, Russia, Ukraine
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Read previewIranian President Ebrahim Raisi died in a helicopter crash on Sunday — and the country's former foreign minister believes US sanctions were partly to blame. AdvertisementIran's former foreign minister, Mohammad Javad Zarif, said the US sanctions — which prohibit Iran from purchasing US-built planes — could be partly to blame. In a phone interview with state TV on Monday, Zarif said the sanctions prevent Iran from having good aviation facilities. Related storiesThe US has imposed various sanctions against Iran since the seizure of the US Embassy in Tehran in 1979. In 2009, a Bell 212 operated by Cougar Helicopters crashed off the coast of Newfoundland in Canada.
Persons: , Ebrahim Raisi, Raisi, Ahmad Vahidi, IRNA, ISNA, Mohammad Javad Zarif, Zarif, Farzin Organizations: Service, Business, State TV, Reuters, Bell, Iran International, ISNA News Agency, Washington Institute, The Washington Institute, Bloomberg, Cougar Helicopters, Post, United Arab Emirates, Safety, Iran's, of Foreign Affairs Locations: Iran, US, Iranian, Tehran, Canada, Louisiana, Newfoundland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran declares five days of mourning after President Raisi's deathIran declares five days of mourning after President Ebrahim Raisi's death in a helicopter crash.
Persons: Raisi's, Ebrahim Raisi's Organizations: Iran Locations: Iran
Iranian President Ebrahim Raisi died in a helicopter crash on Sunday in foggy conditions. Kobe Bryant and other officials have died in helicopter and plane crashes after flying in heavy fog. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFlying a helicopter in fog can be a recipe for disaster, with Kobe Bryant and now Iran's president adding to a string of deaths. Iranian President Ebrahim Raisi and his entourage died after his plane crashed on Sunday in a remote and mountainous area of north-west Iran.
Persons: Ebrahim Raisi, Kobe Bryant, Organizations: Service, Kobe, Business Locations: Iran, Azerbaijan's, Iran's East Azerbaijan, Al Jazeera
The Joint Program Office declined to comment to Military.com regarding the restriction. A spokesperson for the Marine Corps could not provide details on the restriction but said efforts are underway to return the aircraft to full operations. Pedro Caballero, a spokesperson for the Marine Corps, told Military.com when asked whether the restrictions applied to its roughly 350 Ospreys, the vast majority of the military's fleet. US Marine Corps MV-22B Ospreys take off at Port Darwin in Australia. An MV-22B Osprey conducts an external lift with US Marines during helicopter support team training at Marine Corps Air Station in Miramar, California.
Persons: , Military.com, Beth Teach, Cpl, Juan Torres, Capt, Pedro Caballero, Caballero, Colton Martin Lt, Rebecca Heyse, Amelia Kang, Brian Taylor, Taylor, Juan Paz Taylor Organizations: Service, Force, Marine Corps, Ospreys, Business, Navy, Naval Air Forces, Office, Naval Air Systems Command, Royal Australian Air Force Base, US Marine Corps, Corps, Port Darwin, Air Force Special Operations Command, Greyhound, House Armed Services, US Marines, Marine Corps Air, Services, Aviation, Air Force, Marines, Program Office, Marine, US Air National Guard, Staff Locations: Japan, Port, Australia, Miramar , California, Darwin, Washington ,, Lemonnier, Djibouti
Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king. Brent gained 10 cents, or 0.1%, to $84.08 a barrel by 0454GMT, after rising to $84.30 earlier, its highest since May 10. He added that WTI prices may rebound further toward $83.50 after rising above the 200-day moving average of $80.02. Despite the volatility in the region, oil prices moved only slightly. "Continuity in Saudi strategy is expected regardless of this health issue," he added.
Persons: Brent, Ebrahim Raisi, Saudi Arabian Crown Prince Mohammed bin Salman, King Salman, Yoshimasa Hayashi, Tony Sycamore, Sycamore, Warren Patterson, Patterson, Saul Kavonic, Prince Mohammed Bin Salman's Organizations: Brent, . West Texas, Saudi, Saudi Arabian Crown, Iranian, IG, ING, The, of, Petroleum, Petroleum Reserve Locations: Fort Stockton , Texas, Saudi, Japan, East Azerbaijan, Saudi Arabian, China, U.S, United States, Washington
Iranian President Ebrahim Raisi looks on during a TV interview, in Tehran, Iran May 7, 2024. Policy in OPEC's third-largest producer is not expected to change, with Vice President Mohammad Mokhber taking over as interim president as the country prepares for new elections within 50 days. President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran's East Azerbaijan province in poor weather. Crude oil futures were little changed Monday after Iran's president and foreign minister died in a helicopter crash. A coalition of OPEC+ members are voluntarily cutting output by 2.2 million barrels per day to support prices.
Persons: Ebrahim Raisi, Mohammad Mokhber, Hossein Amirabdollahian, Brent Organizations: OPEC Locations: Tehran, Iran, Iran's East Azerbaijan, Russia
Ebrahim Raisi, Iran’s president and a top contender to succeed the nation’s supreme leader, was killed on Sunday in a helicopter crash. A conservative Shiite Muslim cleric who had a hand in some of the most brutal crackdowns on opponents of the Islamic Republic, Mr. Raisi was a protégé of Iran’s supreme leader, Ayatollah Ali Khamenei, and a devoted upholder of religious rule in the country. Mr. Raisi’s presidency was shaped by two major events: the 2022 nationwide uprising, led by women and girls, demanding the end to the Islamic Republic’s rule and the government’s brutal crushing of that movement; and the current Middle East war with Israel, with which it had a long history of clandestine attacks. As the president under Iran’s political system, Mr. Raisi did not set the country’s nuclear or regional policy. But he inherited a government that was steadily expanding its regional influence through a network of proxy militia groups and a nuclear program that was rapidly advancing to weapons-grade uranium enrichment levels following the United States’ exit from a nuclear deal.
Persons: Ebrahim Raisi, Raisi, Ayatollah Ali Khamenei, Raisi’s Locations: Islamic Republic, Israel, States
In their three years in power, President Ebrahim Raisi of Iran and his equally hard-line foreign minister, Hossein Amir Abdollahian, did everything they could to consolidate the “Axis of Resistance” against the United States and Israel. They armed the Houthis, feeding the militia intelligence that fueled attacks on cargo ships in the Red Sea. But for all those aggressive moves, the two men, both killed in a helicopter crash in the mountains near Azerbaijan on Sunday, were also careful. Last week, days before their deaths, they approved talks with the United States through intermediaries aimed at making sure the war in Gaza was not the prelude to a wider war in the Middle East. And they stopped just short of making those bombs, at least as far as American intelligence agencies and international inspectors can determine.
Persons: Ebrahim Raisi, Hossein Amir Abdollahian, Israel Organizations: Hezbollah Locations: Iran, United States, Israel, Red, Azerbaijan, Gaza
In the eyes of the Biden administration, Ebrahim Raisi was a brutal tyrant, a sworn enemy and a threat to world peace. But within hours of confirmation that Mr. Raisi, who had served for three years as Iran’s president, was killed in a weekend helicopter crash, the U.S. State Department announced its “official condolences” for his sudden death. A terse statement, issued on Monday under the name of a State Department spokesman, Matthew Miller, betrayed no grief for the Iranian leader, who frequently railed at the United States and is believed to have at least condoned attacks on American troops by Iranian-backed proxy forces in Iraq and Syria. The statement drew swift outrage from vocal critics of Iran’s government, who argued variously that the United States should say nothing at all or harshly condemn Mr. Raisi, something Mr. Miller proceeded to do later, when questioned by reporters at a daily briefing.
Persons: Biden, Ebrahim Raisi, Raisi, , Matthew Miller, Miller Organizations: U.S . State Department, State Department Locations: United States, Iranian, Iraq, Syria
Iranian President Ebrahim Raisi speaks during a meeting with the cabinet in Tehran, Iran, October 8, 2023. Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian died in a helicopter crash, state media reported Monday. Iranian state television reported there was "no sign of life" at the crash site of the helicopter that carried Raisi, Amirabdollahian, and others. "All the passengers of the helicopter carrying the Iranian president and foreign minister were martyred," semi-official news agency Mehr News reported. "The overall outline of Iranian foreign policy is not likely to change significantly."
Persons: Ebrahim Raisi, Hossein Amirabdollahian, Ali Ahmadi, CNBC's, Raisi, Malik Rahmati, Affairs Mohsen Mansouri, Pirhossein Koulivand, Ayatollah Khamenei Organizations: Mehr News, FARS News Agency, Geneva Center for Security, Communication, Affairs, Iran's Revolutionary Guards Corps Locations: Tehran, Iran, FARS, Azerbaijan Republic, Iran's, East Azerbaijan's, Tabriz, Turkey, Russia
In this article GMENVDATSLAGOOGL Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. Angela Weiss | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? What you need to know todayThe bottom line
Persons: Angela Weiss Organizations: New York Stock Exchange, AFP, Getty, CNBC Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIranian President Raisi and Foreign Minister Amirabdollahian killed in helicopter crashNBC News' Richard Engel reports on the latest news from Iran.
Persons: Raisi, Amirabdollahian, Richard Engel Organizations: NBC Locations: Iran
The President of Islamic Republic of Iran Seyyed Ebrahim Raisi during the meeting with Secretary-General Antonio Guterres UN Headquarters. Lev Radin | Lightrocket | Getty ImagesThe sudden death of Iranian President Ebrahim Raisi in a helicopter crash plunges Tehran into fresh uncertainty at a time when it already faces deep economic decline, popular discontent, and war. The helicopter carrying President Raisi suffered a hard landing on Sunday while returning from Azerbaijan in poor weather conditions, Iranian state media reported on Monday. "That interim presidency ... [is] going to potentially pave the way for even more IRGC control over policies." "When it comes to the relationship with the U.S., and likely [with] Israel, nothing is really going to change there.
Persons: Islamic Republic of Iran Seyyed Ebrahim Raisi, Antonio Guterres, Lev Radin, Lightrocket, Ebrahim Raisi, Raisi, Hossein Amirabdollahian, Yemen's, Ayatollah Khamenei, Mohammed Mokhber, Nader Itayim, Itayim, Joe Biden Organizations: Islamic, Antonio Guterres UN, Iran's, Hamas, Hezbollah, Islamic Revolutionary Guard Corps, Iranian, Guardian Council, Argus Media, U.S, Palestinian Locations: Islamic Republic of Iran, Tehran, Azerbaijan, Lebanese, Iran, Mideast, Israel, U.S, Gaza
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran faces legitimacy issues following death of President Raisi, says AEI's Michael RubinMichael Rubin, senior fellow at American Enterprise Institute, joins CNBC's 'The Exchange' to discuss the helicopter crash involving Iran's president and foreign minister, possible leadership successions for the country, and more.
Persons: Raisi, AEI's Michael Rubin Michael Rubin Organizations: American Enterprise Institute
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