Iran's Supreme Leader Ali Khamenei was killed February 28, 2026, in coordinated U.S.-Israeli strikes (unconfirmed). The Interim Leadership Council formed March 1—President Pezeshkian (reformist), Judiciary Chief Ejei (hardliner), cleric Arafi (ceremonial)—creates deadlocked governance. The rial crashed 12% in 48 hours to 1,850,000:1, government workers earn $84/month (28% of poverty line), and the internet remains at 1-4% connectivity.
This isn't regime transition. It's structural disintegration. The IRGC controls 40-60% of Iran's economy and $3B in crypto, enough to sustain repression without Tehran.
Sad, sad, truly sad when writing this piece of article. Peace is very valuable to those at war.
https://jinlow.substack.com/p/iran-after-khamenei-military-oligarchy