Oil price passes $100 a barrel for first time since 2022, as Khamenei’s son named new Iranian leader

• The benchmark oil price has passed $100 a barrel for the first time since 2022, as the war in the Middle East continues

• The rise is likely to further increase petrol prices – and the surge might not stop here, writes our economics editor Faisal Islam

• The UK chancellor, Rachel Reeves, will join an emergency meeting of G7 finance ministers later to discuss oil prices

• US President Donald Trump says the “short term” price increase is a “a very small price to pay” for world peace

• In Iran, Mojtaba Khamenei – the son of Ayatollah Ali Khamenei, who was killed nine days ago by US-Israeli strikes – has been named new supreme leader

• “Even the thinnest of chances for a change are no more,” one person in Tehran tells us

• Meanwhile in Bahrain, 32 people have been injured after an Iranian drone strike, the state news agency says.

Source:Fiilafmonline/BBC