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It is unclear who is governing Iran, the fourth-largest oil producer in OPEC, after U.S.-Israel strikes killed Ayatollah Ali Khamenei.

Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption

Rolling coverage of the latest economic and financial news

The conflict in the Middle East has sent oil prices soaring, as Brent Crude hit a new 52-week high on Monday.

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