Oil prices rose for a third session and government borrowing costs in the US, UK, Germany, France and Japan hit multi-decade highs on Tuesday as hopes for a US-Iran peace deal faded. Iran said it would adopt a more offensive stance and the US ruled out extending a ceasefire, while Donald Trump threatened to bomb Oman, deepening concerns over prolonged energy supply disruptions and inflation.
Oil prices traded slightly higher for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the US ruling out extending a ceasefire deal, heightening worries about prolonged energy supply disruptions.
The US-Iran ceasefire has ended without agreement and the US has ruled out extending it; Iran says it will adopt a more offensive stance and that the Strait of Hormuz will remain closed unless the US changes its behaviour and accepts Iran’s conditions.
Grounded in 4 reports across 3 sources
Oil prices traded slightly higher for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the US ruling out extending a ceasefire deal, heightening worries about prolonged energy supply disruptions.
Bond yields in US, UK, Germany France and Japan rise after ceasefire ends and Trump threatens to bomb Oman Business live – latest updates Government borrowing costs continued to rise to levels not seen in decades on Tuesday, as hopes of an end to the US-Iran war faded. Concerns about the inflation outlook worsened after the ceasefire between Washington DC and Tehran ended on Monday night without an agreement , with…
Explore stories gaining momentum and continuing events with new developments.
