Oil Surges Past $100 as Markets Tumble in Mideast War

Global markets tumble while crude oil prices surge past $100 a barrel amid the escalating US-Israel-Iran war that disrupts production and shipping. US and Israeli strikes on Iran, which began February 28, have spiked Brent crude up to 25% to $90 or more, with warnings of $150 if Gulf exports halt. Iran's Assembly of Experts names Mojtaba Khamenei, a mid-ranking cleric tied to Revolutionary Guards, as new supreme leader after his father Ayatollah Ali Khamenei's death. Read more about this...