DUBAI/JERUSALEM, March 9 - Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signalling that hardliners remain firmly in charge, while the week-old U.S.-Israeli war with Iran sent oil prices surging and Asian stock markets into a nosedive.

Iranian institutions and politicians, from the foreign ministry to lawmakers, issued statements expressing their allegiance to the country's new supreme leader as the war entered its 10th day and fresh missile and drone strikes reverberated across the Middle East.