The Iranian Crisis Drives Up Oil Prices, Boosting Azerbaijan’s Revenues and Transit Prospects

The death of Iran’s supreme leader has shaken a region already accustomed to uncertainty. For Azerbaijan, which shares more than 600 kilometers of border with Iran and maintains complex economic and security ties, this moment is not merely a foreign policy challenge. It is a test of strategic equilibrium.

In the charged atmosphere of speculation about Iran’s political future, Reza Pahlavi, the son of the country’s last shah, has offered something rare among exiled opposition figures: a blueprint.

When President Donald J. Trump declared that Iran’s supreme leader was dead and urged the country’s security forces to “join the patriots,” he framed the moment as a historic opening — “the greatest chance for the Iranian people to take back their country.”

On March 1, Iranian state television confirmed that the country’s supreme leader, Ali Khamenei, was killed in his Tehran residence during a coordinated U.S.–Israeli missile strike carried out under the codename “Lion’s Roar.” His death marks the most profound rupture in Iran’s political order since the 1979 revolution.