Originally published by The Guardian View Original Article
Oil prices rise sharply on Middle East tensions and US hurricane threat

Oil prices rise sharply on Middle East tensions and US hurricane threat

Global bond market sell-off continues and stocks fall amid another wave of potential strikes against Iran

Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.

Brent crude, the international benchmark, rose by 3.8% to $104 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets.

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