BEIRUT - Lebanese President Michel Aoun will hold binding consultations with members of the recently-elected parliament to name a new prime minister on Thursday June 23, an official source told Reuters.

Once named, the new prime minister must form a government, a process that often takes many months. Caretaker Prime Minister Najib Mikati is widely seen as a frontrunner.

(Reporting by Timour Azhari; Editing by Andrew Cawthorne)