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Oil prices jump and markets slide as Iran names new supreme leader and digs in

Oil prices surged and stock markets slid after hard-line Ayatollah Mojtaba Khamenei was chosen to succeed his late father as Iran’s supreme leader. His appointment on Monday, and new strikes on regional oil infrastructure, signaled that Iran was digging in 10 days into the war launched by the United States and Israel.

Record heat on the way

Rain is beginning to work out of the area as record-breaking heat is expected early this week.

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