Iran’s new supreme leader is injured but reportedly ‘safe' as traders sour on war exit strategy

Photo: A man walks near a banner displayed at Valiasr Square in central Tehran on March 10, 2026, depicting Iran's late supreme leader Ayatollah Ruhollah Khomeini (L) watching as his successor the late Ayatollah Ali Khamenei (C) hands over a national flag to his son and new supreme leader Mojtaba Khamenei (R). Iran marked the appointment of Ayatollah Mojtaba Khamenei to replace his father as its supreme leader with a new barrage of missiles against Israel and the Gulf states on March 9, as the Middle East war sent oil prices soaring. (Photo by AFP) / Attention editors: AFP covers the war in the Middle East through its extensive regional network, including bureaus in Tehran, Jerusalem, and several neighboring countries. Since the start of the conflict, journalists have been working under increasingly restrictive conditions. Authorities in several countries have limited reporters' movements, photo and live video coverage from sensitive locations. Some governments and armed groups have banned images of missile or drone strikes and other security-related sites. / (Credit: Photo by AFP / Getty Images)

Good morning. In today’s Fortune:

• Exclusive: Jeffrey Epstein, Bill Gates, Microsoft, and their web of sex, money, and secrets.
• Iran’s new supreme leader is injured but reportedly ‘safe.’
• Investor sentiment sours on war exit strategy.
• $200 per barrel? Some analysts think the real crisis is yet to come.
• Iran is exporting more oil today than it was before the war started.
• Doubters begone! Oracle nails its Q3 earnings call.
• How much bigger will your tax refund be? We’ve got the numbers.
• Bank of America has new stats on income inequality in the U.S.
• Be afraid, rich people: Governments will be forced to tax wealth assets more aggressively in the future, UBS warns.