OIL JUMPS 5% ON IRAN STRIKE FEARS, HURRICANE THREAT

Global bond market sell-off continues and stocks fall amid reports White House has asked to see options for more strikes against Iran Business live – latest updates 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 5% to $105.3 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets.