News
Reports Link Mojtaba Khamenei to Extensive European Property Holdings Amid Succession Speculation
According to media reports, an Iranian businessman is said to have built up a property empire in Europe, including luxury hotels in Germany. Traces of the company are now reported to lead to Mojtaba Khamenei, the son of the slain Supreme Leader Ali Khamenei, who could become his successor.
Following the death of Ayatollah Ali Khamenei, the succession at the head of the Islamic Republic remains unresolved. No new Supreme Leader has been formally named, but behind the scenes, Mojtaba Khamenei, 56, has emerged as the frontrunner. He has never run for office or been subjected to a public vote but has long been a highly influential figure within the inner circle of the Supreme Leader, cultivating close ties to the Islamic Revolutionary Guard Corps (IRGC).
Critics have cautioned that a father-to-son succession would be politically sensitive. Reports suggest Ali Khamenei himself opposed the idea, with a source close to his office telling Reuters in 2024 that he did not want to witness a return to hereditary rule, which many Iranians view as undermining the 1979 revolution that overthrew the US-backed monarchy of Shah Mohammad Reza Pahlavi.
Mojtaba Khamenei is also reported to control a substantial overseas property network. A year-long Bloomberg investigation found that he directs a significant European real estate portfolio through intermediaries, with no assets appearing directly in his name. The holdings reportedly include luxury London properties, a villa in Dubai, and high-end hotels in Frankfurt and Mallorca, with funding routed primarily from Iranian oil revenues through financial institutions in the UK, Switzerland, Liechtenstein, and the UAE via shell companies.
A key asset identified is the Hilton Frankfurt Gravenbruch, a five-star hotel in Germany’s financial hub. Corporate filings indicate the hotel has been owned since 2011 through entities tied to Iranian businessman Ali Ansari and was brought under Hilton’s management in 2024. Frankfurt officials have questioned how Iran-linked capital entered the city’s hospitality sector.
Ansari, a construction magnate sanctioned by the UK in October 2025, is said to act as a liaison for Khamenei’s son. He has denied connections to the IRGC or Mojtaba Khamenei and intends to challenge the UK sanctions. None of the documents reviewed list assets in Khamenei’s name; many are registered under Ansari or offshore entities.
A separate Financial Times investigation estimated Ansari’s European property portfolio at around €400 million. It spans multiple countries and includes a golf resort in Mallorca, a ski hotel in Austria, and additional luxury properties structured through offshore companies in Luxembourg, St Kitts and Nevis, Austria, Germany, and Spain.
The revelations underscore the complexities of tracing foreign-held assets in connection with Iran’s ruling elite and highlight the financial networks tied to a potential future Supreme Leader.
News
Iran Says Hormuz Can Reopen Within Seven Days as Oil Exports Come Under Pressure
Iran’s military said it retained full control of the Strait of Hormuz on Monday, while Foreign Minister Abbas Araghchi said the strategic waterway could be fully reopened within seven days if Tehran’s conditions were met and hostile measures against the country were lifted.
The statements came as Iran faced growing economic pressure, with the rial falling to record lows, Oil Minister Mohsen Paknejad resigning and the United States claiming that Tehran had not loaded any crude onto tankers during September.
Brigadier General Aziz Jafari, commander of Iran’s Khatam al-Anbiya Joint Air Defence Headquarters, said all movements through the Strait remained under the control of the Iranian armed forces despite changes in US tactics.
“All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic,” Jafari said.
US Treasury Secretary Scott Bessent said on Thursday that Iran had not loaded crude oil onto tankers during September, arguing that the Trump administration was targeting Tehran’s main source of revenue.
Iranian President Masoud Pezeshkian acknowledged in August that restrictions were disrupting oil exports, saying the country had previously been able to sell oil but was now unable to do so at the same level.
Paknejad’s resignation was officially attributed to family and personal matters. However, his departure came amid speculation about the impact of reduced oil exports on government finances. Before his resignation was announced, Paknejad said in a video carried by Iranian media that revenue from oil already sold would be collected and that the process would continue.
The acting oil minister has pledged to maximise production and maintain exports through new strategies.
Despite pressure on Iranian exports, oil shipments from other parts of the region remained high. Ship-tracking company Kpler estimated crude exports from the region excluding Iran at between 19.5 million and 22.5 million barrels per day during the final week of September, compared with a pre-war regional average of about 18 million barrels per day.
Iran’s currency has also come under severe pressure. The euro rose above 300,000 tomans on the informal market, while the US dollar reached 270,000 tomans, more than double its level of about 135,000 tomans at the beginning of the year. One toman is equal to 10 rials.
The UK Maritime Trade Operations agency reported at least one attack each day in the Strait of Hormuz or the Gulf of Aden since October 2.
Araghchi told foreign ambassadors in Tehran that the conflict could not be resolved militarily and called for negotiations based on fairness. He warned that any renewed military confrontation would trigger a stronger Iranian response.
Parliament Speaker Mohammad Bagher Ghalibaf said Tehran had received US proposals through intermediaries but rejected what he described as one-sided demands.
He said the Strait would remain closed until Iran’s seven conditions, based on the Islamabad memorandum, were met.
News
SpaceX crew reaches International Space Station in record US transit
News
Trump, Vance begin midterm campaign push as Republicans confront economic concerns
-
Entertainment2 years agoMeta Acquires Tilda Swinton VR Doc ‘Impulse: Playing With Reality’
-
Sports2 years agoChina’s Historic Olympic Victory Sparks National Pride Amid Controversy
-
Business2 years agoSaudi Arabia’s Model for Sustainable Aviation Practices
-
Business2 years agoRecent Developments in Small Business Taxes
-
Home Improvement2 years agoEffective Drain Cleaning: A Key to a Healthy Plumbing System
-
Politics2 years agoWho was Ebrahim Raisi and his status in Iranian Politics?
-
Sports2 years agoKeely Hodgkinson Wins Britain’s First Athletics Gold at Paris Olympics in 800m
-
Business2 years agoCarrectly: Revolutionizing Car Care in Chicago
