(Bloomberg) -- Oil climbed and government bonds fell after the US and Iran launched a fresh round of attacks, escalating tensions in the Middle East.

Brent crude futures were a long way below the war's peak prices but rose enough to wobble the bond market by increasing inflation risks.

(Bloomberg) -- Oil climbed as the US military launched fresh air strikes in Iran and revoked a waiver that allowed it to sell crude globally. Stocks in Asia were poised to drop…