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Global stocks retreat and bonds wilt as oil climbs
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- Global stocks retreat and bonds wilt as oil climbs By Wayne Cole and Samuel Indyk Mon, May 18, 2026 at 4:00 PM GMT+7 4 min read CL=F NVDA By Wayne Cole and Samuel Indyk
- A drone strike caused a fire at a nuclear power plant in the United Arab Emirates, while Saudi Arabia reported intercepting three drones, as U.S.
- Meanwhile, the vital Strait of Hormuz remains closed to all but a trickle of shipping as Tehran tries to formalise its control of the waterway that during normal times carries 20% of the world s oil and gas trade.
Global stocks retreat and bonds wilt as oil climbs By Wayne Cole and Samuel Indyk Mon, May 18, 2026 at 4:00 PM GMT+7 4 min read CL=F NVDA By Wayne Cole and Samuel Indyk
LONDON, May 18 (Reuters) - Global share markets slipped on Monday as fresh drone attacks in the Gulf shoved oil prices and bond yields higher, stoking inflation worries in a week when the tech bull run will be tested by earnings from Nvidia.
A drone strike caused a fire at a nuclear power plant in the United Arab Emirates, while Saudi Arabia reported intercepting three drones, as U.S. President Donald Trump warned that Iran must act "fast" to reach a deal.
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