SINGAPORE, March 9 (Reuters) - Governments scrambled to limit the impact on economies and consumers from the widening Iran war, which fuelled a record surge in oil prices on Monday after key producers cut output and Tehran signalled that hardliners would remain in charge.

In a sign of mounting governmental concern over supply disruptions, the Group of Seven finance ministers will discuss the possibility of a joint release of emergency oil reserves in a meeting on Monday, a French government source said.

SINGAPORE, March 9 (Reuters) - Oil prices came off earlier highs on Monday but were still up more than 15% at levels not seen since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran.

Brent crude futures were up $15.51, or 16.7%, at $108.20 per barrel at 0642 GMT - on track for the biggest-ever jump in a single day, while U.S. West Texas Intermediate (WTI) crude futures were up $14.23, or 15.7%, at $105.13.

March 9 (Reuters) - The Group of Seven (G7) finance ministers will discuss on Monday a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reported.

Three G7 countries, including the U.S., have so far expressed support for the idea, the FT said citing sources, and added that the ministers and the IEA Executive Director Fatih Birol will hold a call to discuss the impact of the Iran war.

By Parisa Hafezi and Maayan Lubell

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

As the war entered its 10th day, fresh missile and drone strikes by Israel and Iran reverberated across the Middle East.

March 9 (Reuters) - Iran had sought India's permission for three of its ships to dock at its ports, which was granted on March 1, India's foreign minister said on Monday, adding that the government believed that it was the "right thing to do".

One of the three ships docked at India's southern port of Kochi on March 4 and its crew was at Indian naval facilities, Subrahmanyam Jaishankar told parliament on Monday.

(Reporting by Shilpa Jamkhandikar; Editing by Jacqueline Wong)

March 9 (Reuters) - Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world.

Following are actions that governments are taking or plan to take to reduce the impact of the war on their economies.

SOUTH KOREA PLANS FUEL CAP

March 9 (Reuters) - Ukraine sent interceptor drones and a team of drone experts to protect U.S. military bases in Jordan, President Volodymyr Zelenskiy said in an interview with The New York Times published on Monday.

The U.S. made the request for help on Thursday, and the Ukrainian team left the next day, Zelenskiy said adding that it was expected to arrive in the Middle East soon, according to the report.

(Reporting by Angela Christy in Bengaluru; Editing by Christian Schmollinger)

DHAKA, March 9 (Reuters) - Bangladesh will close all universities from Monday, bringing forward the Eid al-Fitr holidays as part of emergency measures to conserve electricity and fuel amid a worsening energy crisis linked to the conflict in the Middle East.

Authorities said the decision applies to all public and private universities across the country, a move that officials said will not only reduce electricity consumption but also ease traffic congestion, which leads to fuel wastage.

France will host a video meeting of G7 finance ministers on the Middle East crisis on Monday, as the war fuels fears for the global economy.

The French finance ministry said in a statement the meeting at 1:30 pm (1230 GMT) would "review the situation in the Gulf from an economic point of view" and "events of recent days".

French finance minister Roland Lescure earlier told Franceinfo radio he had agreed with US Treasury Secretary Scott Bessent and other G7 finance ministers to hold the meeting over a week after the start of the US-Israel war against Iran.

WASHINGTON, March 8 (Reuters) - U.S. President Donald Trump said on Sunday that when to end the war with Iran will be a "mutual" decision made with Israeli Prime Minister Benjamin Netanyahu.

Speaking by phone with The Times of Israel, Trump said Netanyahu will have input on resolving the conflict.

"I think it’s mutual ... a little bit. We’ve been talking. I’ll make a decision at the right time, but everything’s going to be taken into account," said Trump.

(Reporting by Pete Schroeder; Editing by Christian Schmollinger)