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Iran has named the hard-line Ayatollah Mojtaba Khamenei to succeed his late father as supreme leader. The decision signals no letup in the war launched by the United States and Israel. Oil prices surged as Iran attacked regional energy infrastructure and the U.S. and Israel bombed targets across Iran. With Iran’s theocracy under assault for more than a week, the country’s Assembly of Experts chose the secretive, 56-year-old cleric with close ties to the paramilitary Revolutionary Guard as the new supreme leader. The Guard has been firing missiles and drones at Israel and Gulf Arab states since Ayatollah Ali Khamenei, who had ruled Iran for 37 years, was killed during the war’s opening salvo. Read moreIran names Khamenei's son to succeed him, signaling no letup in war as oil prices surge

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