Oil rates eclipsed $115 per barrel on Monday as the Iran battle escalated, threatening production and shipping between East. The rate for a barrel of Brent crude, the global criterion, rose 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 change his late daddy, Ayatollah Ali Khamenei, as the country’s new ultimate leader. Follow our liveblog for the latest updates.
Source: France 24