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Oil prices and markets seesaw over uncertainty of war as Iran names new leader

DUBAI, United Arab Emirates (AP) — Oil prices surged and markets slid Monday after hard-line Ayatollah Mojtaba Khamenei was chosen to succeed his late father as Iran's supreme leader, signaling that Iran was digging in 10 days into the war launched by the United States and Israel. Oil prices later fell, and the U. S. stock market closed higher, amid hope that the war with Iran may not last that long as world leaders discussed options. The war has choked off major supplies of oil and gas to a...

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