The late Ayatollah’s hardline son, Mojtaba Khamenei, is Iran’s new supreme leader. It’s a choice which could lead to an escalation with Washington. The Iran war drives oil prices above $100 a barrel. Gas prices soar too, after Qatar stops LNG exports. Republican voters say they stand by Trump’s war for now, but they’ve got a red line: American boots on the ground. And campaigners urge Australia to give the Iranian women’s soccer team refuge. Listen to the Morning Bid podcast ⁠⁠here⁠⁠.

Sign up for the Reuters Econ World newsletter ⁠⁠here⁠⁠.

Listen to the Reuters Econ World podcast ⁠⁠here⁠⁠.

Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

You may also visit megaphone.fm/adchoices to opt out of targeted advertising.

Learn more about your ad choices. Visit megaphone.fm/adchoices