Traci Mumford

And the price of oil has surged above $100 a barrel for the first time in nearly four years.

To start, Iran's top clerics have named Mujtaba Khamenei to lead the country.

He's the 56-year-old son of Ayatollah Ali Khamenei, who was killed in the U.S.-Israeli strikes last Saturday.

He was groomed for the position and has strong military and political connections.

Though at one point, his father had indicated to his close advisors that he didn't want his son to succeed him.

according to three Iranian officials familiar with the selection process.

The Islamic Revolution in 1979 was about toppling a monarchy and promising to end the hereditary transfer of power.

His selection, despite that, suggests that those high up in the Iranian government have closed ranks at a time of crisis and are looking for continuity for the regime.

Many opposed to the government have rejected the choice.

Some people could be heard chanting death to Moshe Taba from their windows after it was announced.

At the same time, Israel has threatened to kill whoever takes the position.

And President Trump warned this weekend that the next supreme leader, quote, is not going to last long without the approval of the United States.

Second.

Over the weekend, the U.S.

and Israel hit hundreds of targets in Iran, with U.S.

Central Command warning civilians in the country to stay inside.

Israel went after several Iranian fuel depots, turning the sky in Tehran dark with thick, billowing smoke.

And water desalination plants came under attack in Iran and Bahrain.

Iran's foreign minister accused the US of striking the one there, affecting the water supply for more than two dozen villages.

The US has denied that.