Bond Rout Deepens as Rising Oil Prices Stoke Inflation Fears
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Good morning. A global bond selloff deepens as the deadlock over the Iran war drives oil prices higher. British corporate takeovers are surging. And one hedge fund holds the keys to Ukraine’s wartime industries. Listen to the day’s top stories.
A rout in global bonds intensified as the deadlock over the Iran war pushed Brent crude above $111 a barrel and deepened inflation fears. Stocks extended their slide. Donald Trump warned Tehran it was running out of time for a peace deal, with the two sides no closer to an agreement to reopen the Strait of Hormuz.