Oil prices surge above $110 and shares slide over Iran war Global oil prices have jumped above $110 (£82.74) a barrel and stock markets have slumped as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz. Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country. The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots. Major disruption
Oil prices surge above $110 and shares slide over Iran war Global oil prices have jumped above $110 (£82.74) a barrel and stock markets have slumped as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz. Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country. The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots. Major disruption