Morning Briefing Europe

Khamenei’s Son Takes Power in Iran as Trump Downplays Oil Spike

Mojtaba Khamenei in 2020.

Photographer: Rouzbeh Fouladi/Middle East Images/AFP/Getty Images

Good morning. Oil surges as Iran picks Khamenei’s son as supreme leader, but comes off a tad after the Financial Times reported about talks on a possible coordinated release of reserves. Asian shares slide in a volatile session. And the latest search for Malaysia Airlines’ MH370 comes up empty. Listen to the day’s top stories.