The Latest: Mojtaba Khamenei, son of Iran’s supreme leader, named his successor, Iran state TV says

Iranian state TV early Monday said Mojtaba Khamenei, son of the country’s late supreme leader, has been named his successor.

He had long been considered a contender, even before an Israeli strike killed his father at the start of the war, and despite never being elected or appointed to a government position.

Iran’s powerful paramilitary Revolutionary Guard answers to the supreme leader, and the younger Khamenei will have the central say in war strategy.

U.S. President Donald Trump told ABC News earlier Sunday he wants a say in who comes to power once the war is over; a new leader “is not going to last long” without his approval, he said.

Here is the latest:

Asian shares sink on high oil prices

Japan’s benchmark Nikkei 225 index has plunged more than 6% after oil prices soared to over $100 a barrel due to disruptions from the war in the Middle East.

The Nikkei tumbled 6.2% to 52,166.92 shortly after trading began early Monday.

South Korea’s Kospi sank 6.3% and shares in Australia and New Zealand more than 3%.

Crude prices are at their highest level in more than three and a half years as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf.

The price for a barrel of Brent crude was at $109.46 a barrel, and U.S. benchmark crude traded at $107.37 a barrel.

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