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

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L.A. Times Studios

News, Daily News, Society & Culture, The Times, California

4.1 • 544 Ratings

🗓️ 10 March 2026

⏱️ 6 minutes

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Summary

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.

Transcript

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0:00.0	This is an L.A. Times Studios podcast. The President, the point of the and the people are the world of the world
0:21.6	as a very
0:22.6	and the
0:23.6	person
0:24.6	and
0:25.6	it's just
0:26.6	a
0:27.6	and the
0:28.6	and the
0:29.6	and
0:30.6	the
0:31.6	and the
0:33.6	and the
0:34.6	and the
0:35.6	and the people are just going to be.
0:38.3	And the people are just going to be a different
0:41.3	and the people are going to be able to be.
0:45.3	And the people are the people who are the people who are going to be.
0:49.3	And the people are just going to get a good at the point. And so it's a Hamane himself, it's expected that at some point he'll provide a pre-recorded statement to
1:13.0	people of Iran trying to describe what his plans are. But what we've seen from the Guard, which has
1:20.0	long had ties to Hamine, is just these pounding attacks that have spread across to hit oil
1:25.6	infrastructure as well as water desalination plants.
	...

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