UAE, Kuwait and later Saudi Arabia announced that they are curbing oil output as the impact of the near-closure of the crucial Strait of Hormuz rips through energy markets. Crude surged past $100 per barrel in early trading with Brent futures nearing $120 before paring gains. Meanwhile, European natural gas futures jumped as much as 30%, extending its biggest weekly advance since the start of the Iran conflict. Elsewhere, Iran selected Mojtaba Khamenei, the hardline son of the assassinated