Rolling coverage of the latest economic and financial news, as rising oil price sours sentiment in the markets and drive up bond yields

Mounting inflation fears, geopolitical tension and ongoing uncertainty around the Iran war has prompted selling pressure across asset classes.

Global stocks drop as inflation fears elevate bond yields, with the S&P 500 down 1% amid rising technology sector losses.

Global bond markets are experiencing significant interest rate hikes, driven by escalating energy prices from the Iran conflict and persistent inflation. This is impacting…