FirstFT: Stocks and bonds tumble as Middle East war spreads
Also in today’s newsletter: Blackstone’s flagship private credit fund hit by outflows and OpenAI amends US defence contract
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Stocks and bonds tumble as widening Middle East war rattles markets
European indices and US futures down as conflict escalates across region
Gas prices extend surge as market reels from Qatar shutdown
Move triggers renewed Asian competition with Europe for scarce cargoes of the fuel
Brussels urges calm as Iran crisis sends European gas prices soaring
Also in this newsletter: Croatia offers Adria solution to Druzhba stand-off
Lengthy Iran war could cause inflation ‘spike’, warns ECB’s top economist
Philip Lane says extended conflict and disruption to energy supplies could also lead to ‘sharp’ drop in Eurozone output