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Issued on: 09/03/2026 - 04:38Modified: 09/03/2026 - 05:20
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An oil tanker is pictured offshore in Dubai on March 1, 2026. © Fadel Senna, AFP
Oil prices eclipsed $115 per barrel on Monday as the Iran war intensified, threatening production and shipping in the Middle East. The price for a barrel of Brent crude, the international standard, surged to $115.31, up 24% from its Friday closing price of $92.69. On Sunday, Iran's Assembly of Experts on Sunday named Mojtaba Khamenei to replace his late father, Ayatollah Ali Khamenei, as the country's new supreme leader. Follow our liveblog for the latest updates.
Yesterday's key developments:
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Iranian state TV early Monday said Mojtaba Khamenei, son of the country’s late supreme leader, has been named his successor.
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Lebanon's social affairs minister said Sunday that more than half a million people have been registered as displaced since the outbreak of the latest fighting between Israel and Hezbollah.
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The US military announced an American service member died of injuries sustained during an Iranian attack on troops stationed in Saudi Arabia on Sunday.
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The United States said late Sunday that it was ordering embassy staff to leave Saudi Arabia as Iran strikes the kingdom in retaliation for an attack by Washington and Israel.
(FRANCE 24 with Reuters, AP and AFP)
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