Oil Climbs
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JGBs fall in price terms in the morning Tokyo session as inflation worries overcome geopolitical tensions. A pattern is often formed where yields rise as inflation concerns intensify on higher oil prices following initial declines in stock prices and yields due to geopolitical risks,
The jump in oil prices following Israel's strikes on Iran could exacerbate stagflationary conditions if they persist, according to Apollo Global Management.
Oil-watchers are bracing for a further price rally after Israeli strikes on Iranian energy assets heightened the risk to Middle East supplies. Follow live.
Friday's selloff in U.S. government debt, sparked by inflation concerns stemming from the escalating conflict between Israel and Iran, sent Treasury yields up by the most in one week as oil prices surged.
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.