LONDON, March 9 (Reuters) – Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran. Brent crude futures were up $13.02, or 14%, at $105.71 per barrel...

DUBAI/JERUSALEM – Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signalling that hardliners remain firmly in charge, while the week-old U.S.-Israeli war with Iran sent oil prices surging and Asian stock markets into a nosedive. Iranian institutions and politicians, from the foreign ministry to lawmakers, issued statements expressing...