Oil prices rise and bonds wobble as Iran war stokes inflation fears
Key takeaways
- The volatility in UK government bonds was driven by political instability amid expectations that Keir Starmer will face a leadership challenge.
- Prefer the Guardian on GoogleOil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates.
- Brent crude, the international benchmark for oil, rose on Monday, after an attack on a nuclear power plant in the United Arab Emirates.
Why this matters: a developing story that could shape the day's news cycle.
The volatility in UK government bonds was driven by political instability amid expectations that Keir Starmer will face a leadership challenge. Photograph: Robert Evans/Alamy View image in fullscreen. The volatility in UK government bonds was driven by political instability amid expectations that Keir Starmer will face a leadership challenge. Photograph: Robert Evans/Alamy Oil Oil prices rise and bonds wobble as Iran war stokes inflation fears Trump warning over peace talks drives up crude price as UK gilts hit by uncertainty over Starmer leadership
Prefer the Guardian on GoogleOil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates.
Brent crude, the international benchmark for oil, rose on Monday, after an attack on a nuclear power plant in the United Arab Emirates.