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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Oil prices rise and bonds wobble as Iran war stokes inflation fears

Bonds Iran United Kingdom Andy Burnham Inflation Oil Sir Keir Starmer
A cruise boat travels on the Thames in London with modern skyscrapers rising behind older riverside buildings
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 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.

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