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Fuel depots were hit in Tehran and Karaj overnight, with videos showing huge fires and plumes of smoke in multiple locations.

March 9 (Reuters) - Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world. Following are actions that governments are taking or plan to take to reduce the impact of the war on their economies. SOUTH KOREA PLANS FUEL CAP

Mojtaba Khamenei, a son of Iran’s late supreme leader, is the Islamic Republic’s next ruler

Seyed Abbas Araghchi congratulated Seyyed Mojtaba Hosseini Khamenei on his selection as the third Leader of the Islamic Revolution.

Israeli army preparing for war with Iran that could last at least a month: Report  Anadolu Ajansı

One Strait, 20 Million Barrels: Could Hormuz Trigger An Oil Shock Bigger Than 1973?  NDTV

Iran has launched more attacks on Israel and Gulf countries, hours after Iranian state TV said Mojtaba Khamenei had been named supreme leader

Middle East crisis live: Mojtaba Khamenei chosen as Iran’s new supreme leader; oil prices soar past $100 a barrel  The Guardian

TEHRAN, Mar. 09 (MNA) – The Islamic Revolutionary Guards Corps (IRGC) has declared its support for the Assembly of Experts’ election of Ayatollah Seyyed Mojtaba Hosseini Khamenei as new Leader of the Islamic Revolution.

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A short Iran war could result in a V-shaped U.S. recovery, but keep rates higher: Jim Bianco  CNBC

JPMorgan: The Iran war will likely remain limited and end 'within the next two weeks'  CNBC

Iran’s targets widen: Civilian infrastructure suffers, deaths reported  mariettatimes.com

Defense Secretary Warns of More Casualties in Iran Operation  Tippah News

French President Emmanuel Macron is traveling to Cyprus

Human Rights Watch says Israel used white phosphorus in Lebanon Human Rights Watch on Monday said Israel used white phosphorus munitions over residential areas in the southern Lebanese town of Yahmar on 3 March. The rights group said the shells were fired from the air and landed near homes in the town. The organisation said the use of white phosphorus in populated areas violates international humanitarian law because of the risk of severe burns and fires.

Oil Jumps 20% as Iran War Raises Fears of Hormuz Supply Disruptions  Pipeline and Gas Journal

Live updates: Pentagon identifies seventh US service member killed in Iran war  AP News