UK Gilt Yields Surge Past 4.9% as US-Iran Tensions Drive Oil and Inflation Fears
1mo ago· 1 min readenNews
Summary
UK 10-year gilt yields rose above 4.9% amid renewed US-Iran tensions driving oil prices higher and stoking inflation fears. Iran threatened to halt negotiations with the US, close the Strait of Hormuz, and accused Washington of violating ceasefires. Despite some exchange of proposals over the weekend, geopolitical uncertainty remains high, fueling market volatility.
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Key quotes
· 1 pulledIran’s Tasnim News Agency reported on Monday that Tehran would halt negotiations with the US over Israeli strikes on Lebanon and fully close the Strait of Hormuz, accusing Washington of 'violating the ceasefire on all fronts.'
UK 10-year gilt yields climbed back above 4.9%, recovering from over one-month lows, as renewed US-Iran tensions pushed oil prices higher and intensified inflation concerns.Iran’s Tasnim News Agency reported on Monday that Tehran would halt negotiations w
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