Morning Briefing Americas

Iran Signals No Letup as Khamenei’s Son Becomes Leader

Mojtaba Khamenei in 2020.Photographer: Rouzbeh Fouladi/Middle East Images/AFP/Getty Images/AFP

Good morning. Iran signals no letup as it picks a new leader. Consumers are fast feeling the effects as oil soars above $100 a barrel. And AI demand triggers a historic memory-chip shortage. Listen to the day’s top stories.