Iran’s new defence minister has worked on Sejjil and Zolfaghar missiles: Who is Mehrdad Akhlaghi Ketabchi?

Iran's new defence minister, Mehrdad Akhlaghi Ketabchi, has a background in developing missiles, specifically the Sejjil and Zolfaghar missiles. This appointment comes at a time of heightened tension between Iran and the US, with Donald Trump threatening the use of the "mother of all bombs" against Iran. The development and deployment of missiles like the Sejjil and Zolfaghar could have significant implications for regional security and global trade, particularly in the Middle East. This situation may lead to increased uncertainty and volatility in oil markets.

Why it matters

The appointment of a veteran missile developer as Iran's new defence minister could enhance the country's missile capabilities. This could lead to increased tensions with the US and its allies.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Moneycontrol. For information only — not financial advice.