Oil rises as U.S.-Iran hostilities raise supply-disruption concerns
Crude climbed on growing U.S.-Iran hostilities and prospects of prolonged Middle East supply disruptions. Asian government bonds fell as higher oil prices stoked fears of higher inflation and tighter monetary policy.
By Ronnie HaruiOil rose as growing U.S.-Iran hostilities spurred prospects of prolonged supply disruptions in the Middle East, while Asian government bonds fell as the rise in crude prices invoked fears of higher inflation and tighter monetary policy.The U.S. and Iran exchanged fire Tuesday as the…