Oil rises as U.S.-Iran hostilities raise supply disruption concerns
Oil prices rose again Wednesday as U.S.-Iran hostilities boosted prospects of prolonged Middle East supply disruptions. Asian government bond yields also climbed, with higher crude adding to inflation concerns and expectations for tighter policy.
By Ronnie Harui and Farhan RafidOil prices rose again Wednesday as U.S.-Iran hostilities spurred prospects of prolonged supply disruptions in the Middle East, while government bond yields across much of Asia climbed as higher crude prices intensified inflation concerns and expectations of tighter m…