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Escalating tensions in the Middle East took center stage as US and Israeli forces launched strikes on Iranian oil and military sites, coinciding with the appointment of Mojtaba Khamenei as Iran's new supreme leader. The ripple effect was immediate, with oil prices surging above $100 per barrel, sparking global market declines and prompting airlines worldwide to raise fares.

Security concerns around the Strait of Hormuz further fueled oil and gas price volatility, intensifying international responses and raising questions about energy stability. In the UK, experts are urgently discussing the potential impact of the Iran conflict on household energy bills, as consumers brace for higher costs. Meanwhile, in a dramatic turn in Beverly Hills, a woman was arrested after allegedly firing shots at Rihanna's home, marking a high-profile incident amid otherwise global turbulence.

Developing: The appointment of Mojtaba Khamenei as Iran's new supreme leader is generating uncertainty about the country's future direction.