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Iranian leaders pay respects at Khamenei's funeral

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Iranian leaders pay respects at Khamenei's funeral

2026-07-03 21:02 Last Updated At:07-04 15:57

Top Iranian leaders and officials paid their respects in Tehran on Friday at a farewell ceremony for the late Supreme Leader Ayatollah Ali Khamenei.

Among them were President Masoud Pezeshkian, Judiciary Chief Gholam-Hossein Mohseni-Eje'i, Parliament Speaker Mohammad Baqer Qalibaf and Foreign Minister Seyed Abbas Araghchi.

According to official schedules, a series of public mourning and farewell activities will unfold across the country in the coming days.

In remarks on Tuesday, Ali Akbar Pourjamshidian, Iran's deputy interior minister and head of the funeral organizing headquarters, said following Friday's ceremony, farewell ceremonies will be held at Imam Khomeini's Mosalla prayer hall in Tehran on Saturday and Sunday, and a funeral procession is scheduled for Monday.

The Iranian capital is preparing for a massive turnout on Monday, when the city-wide funeral procession is expected to draw an estimated 15 million mourners. To manage the immense crowds, all public transportation in Tehran will be free of charge, and the subway system will operate around the clock. Core areas of the city will be completely sealed off to vehicles, allowing only pedestrian access. The Islamic Revolutionary Guard Corps (IRGC) has been tasked with overseeing security across the city during the funeral period.

Following the events in Tehran, a funeral procession for Khamenei and his family will take place in the city of Qom on July 7. The final burial ceremony is scheduled for July 9 in Mashhad, a holy city in northeastern Iran and the birthplace of the late Supreme Leader.

Ali Khamenei was killed in the United States-Israel strikes on Tehran on Feb. 28, 2026. His son, Mojtaba Khamenei, was selected as Iran's new supreme leader in March.

Iranian leaders pay respects at Khamenei's funeral

Iranian leaders pay respects at Khamenei's funeral

The Shanghai Futures Exchange on Thursday officially listed options contracts for hot-rolled coil, stainless steel, and low-sulfur fuel oil upon approval from the China Securities Regulatory Commission.

On their debut day, the three new commodity options saw a total of 236 contracts listed for trading. This included 48 contracts for hot-rolled coil options, 50 for stainless steel options, and 138 for low-sulfur fuel oil options.

China is the world's largest consumer of hot-rolled coil and stainless steel, as well as a major consumption market for low-sulfur fuel oil in the Asia-Pacific region.

The introduction of these commodity options will provide related enterprises with a broader array of tools and strategies to manage risks and ensure steady operations, according to analysts.

"China's futures and options product system has been further enriched, now offering comprehensive coverage across the major sectors of non-ferrous metals, ferrous metals, precious metals, and energy and chemicals. This enables investors to combine futures and options to separately manage directional price risks and price volatility risks, while allowing enterprises to manage the price risks they face with greater precision," said Huang Wei, director of the futures and derivatives department at the Shanghai Futures Exchange.

Shanghai Futures Exchange launches trading for hot-rolled coil, stainless steel, low-sulfur fuel oil

Shanghai Futures Exchange launches trading for hot-rolled coil, stainless steel, low-sulfur fuel oil

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