Plan and actions: China's weight, influence in resolving conflict

Mojtaba Khamenei, the son of late Supreme Leader Ali Khamenei, has been appointed as Iran's new supreme leader, a move that comes amidst ongoing U.S.-Israeli strikes on the country that have already triggered regional escalations. With this leadership change in Tehran and no end to hostilities in sight, many analysts warn that the Middle East could spiral into deeper instability and chaos. What's the scope of the likely spillover, with damage to regional economies and world trade?