Oil Prices Soar Past $100 Per Barrel, Iran Taps New Supreme Leader and Labubu Maker Has a New HQ

Oil prices surged Monday as the war in Iran escalates. Brent crude, the international benchmark, briefly climbed near $120 a barrel after Iran announced Mojtaba Khamenei will succeed his father as Supreme Leader. Meanwhile, travelers at some airports across the U.S. reported hours-long security lines as TSA agents prepare to go without pay during the ongoing Department of Homeland Security shutdown. In business, Chinese Labubu maker Pop Mart has opened its 22,000-square-foot U.S. headquarters in Culver City, and Grocery Outlet announced it will close 36 underperforming stores by the end of the year. Read more at https://LATimes.com.