Chart of the Week: Global rates show deeper war fears
Investors are becoming increasingly hawkish
Economic news
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Iran fires missiles towards UK’s Diego Garcia base
Projectiles’ range is significantly further than Tehran’s previously known capabilities, fuelling fears in Europe
EU member states urged to lower gas storage targets due to Iran war
European Commission proposes steps to try to reduce demand for energy from households and industry
Iran war raises the risk of a bond market shock
Wild swings in UK gilts point to strains that will hurt government finances and jack up borrowing costs for us all
Iran launches 10mn rial banknote as war triggers dash for cash
Iranians queue to get hold of highest-ever denomination bills as US-Israeli strikes fuel demand for hard currency
Iran lets grain ships through Hormuz to shore up food supply
Agriculture has been a ‘pain point’ for Tehran after it imposes de facto blockade of waterway in response to US-Israeli war