Oil and gas prices jump on Middle East shipping attacks, sending bond yields higher and stocks lower – business live

Oil and gas prices have jumped due to attacks on Middle East shipping, causing Brent crude to reach over $104 a barrel. This surge in oil prices has had a ripple effect on other markets, leading to higher bond yields and lower stock prices. As a result, investors are becoming more cautious, causing the euro to weaken and reach a 17-month low. This shift in investor sentiment can impact trade and the economy, potentially leading to higher inflation and reduced economic growth.

Why it matters

Attacks on tankers in the Middle East and a storm in the Gulf of Mexico are disrupting oil supplies, causing prices to rise. This is leading to higher bond yields and lower stock prices as investors become more risk-averse.

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