Ongoing US-Iran fighting has raised inf concerns; efforts to restart shipping
through the Strait of Hormuz have stalled, intensifying market fears of
prolonged oil supply disruption and higher energy costs. Fed chair KEVIN WARSH
warned on Friday of inflationary risks. The UK 10-year gilt yield rose to
5.224%, the highest since 2008; the 30-year gilt yield climbed to 5.871%, the
highest since 1998.
