{"id":17344,"date":"2026-05-18T16:08:56","date_gmt":"2026-05-18T16:08:56","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/18\/global-oil-prices-and-bond-yields-rise-after-trump-warns-iran-over-stalled-peace-talks-bbc\/"},"modified":"2026-05-18T16:08:56","modified_gmt":"2026-05-18T16:08:56","slug":"global-oil-prices-and-bond-yields-rise-after-trump-warns-iran-over-stalled-peace-talks-bbc","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/05\/18\/global-oil-prices-and-bond-yields-rise-after-trump-warns-iran-over-stalled-peace-talks-bbc\/","title":{"rendered":"Global oil prices and bond yields rise after Trump warns Iran over stalled peace talks &#8211; BBC"},"content":{"rendered":"<p>The price of oil rose on Monday after US President Donald Trump warned Iran the &quot;clock is ticking&quot;, with talks to bring the war to an end apparently stalled.<br \/>The global benchmark Brent crude hit $112 (\u00a383.62) a barrel at one point before slipping back to around $110.<br \/>Government borrowing costs in the US, Japan and Europe remained under focus as fears over inflation continue to grow.<br \/>Energy markets have been on a wild ride after Iran effectively closed the key Strait of Hormuz waterway in retaliation for US and Israeli strikes on the country, which started on 28 February.<br \/>Around a fifth of the world&#x27;s oil and liquefied natural gas (LNG) usually passes through the narrow shipping route.<br \/>The oil market has been reacting swiftly to any signs of progress, or lack of it,  towards a peace deal that will reopen the strait.<br \/>The rise in crude in early trade on Monday came after <a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cd0p4y9y48xo\" class=\"sc-2554282c-0 cDYatN\">Trump wrote on social media<\/a> that Iran had &quot;better get moving, FAST, or there won&#x27;t be anything left of them&quot;, adding &quot;TIME IS OF THE ESSENCE!&quot;<br \/>The president warned last week that the ceasefire was on &quot;massive life support&quot; after rejecting Iran&#x27;s demands, labelling them &quot;totally unacceptable&quot;.<br \/>According to news platform Axios, Trump is expected to hold \u200ba \u200bmeeting on \u2060Tuesday \u200bwith his \u200btop national security advisers to \u200bdiscuss the \u200boptions for military \u200caction \u2060regarding Iran.<br \/>However, oil prices fell back later after reports that an Iranian news agency said the US had accepted a temporary waiver on sanctions of Iran&#x27;s crude oil during the negotiations, raising hopes of progress in peace talks.<br \/>The rise in energy costs since the conflict began has also pushed up government borrowing costs, as measured by bond yields.<br \/>The fear is that higher energy bills will increase inflation leading central banks to hike interest rates.<br \/>On Monday, the benchmark 10-year US Treasury yield &#8211; effectively the interest rate charged to the US government for a 10-year loan &#8211; hit 4.63% at one point, its highest level in more than a year, before falling back.<br \/>Yields on Japanese bonds also jumped after Reuters reported the government there was likely to issue fresh debt as part of funding for a planned extra budget to help cushion the economic blow from the war.<br \/>The yield on the 30-year Japanese government bond rose to its highest on record at 4.2%, while the 10-year yield jumped to 2.8%, its highest since October 1996.<br \/>Yields on eurozone bonds also started the day higher before they fell back as oil prices declined.<br \/>The latest moves came as G7 finance ministers met in Paris.<br \/>European Central Bank head Christine Lagarde, asked as she arrived if she was worried by a sell-off in global bond markets, replied to reporters: &quot;I always worry, that&#x27;s my job.&quot;<\/p>\n<p>Claudio Galimberti, chief economist at Rystad Energy, told the BBC that the high level of oil prices was &quot;a very dire situation and it&#x27;s going to get worse unless the strait is opened&quot;.<br \/>&quot;We are approaching a summer of pain, I am afraid, unless Hormuz is opened.&quot;<br \/>Higher oil prices have pushed up fuel costs for businesses, including airlines &#8211; many of which are entering the peak holiday season.  <br \/>Irish airline Ryanair reported its full-year results on Monday and said: &quot;The conflict in the Middle East has created economic uncertainty and we still don&#x27;t know when the Strait of Hormuz will reopen.&quot;<br \/>The carrier said it had secured contracts to fix the price for 80% of its jet fuel in the months ahead. <br \/>But it said the price of the remaining 20% &quot;has spiked due to the Middle East conflict&quot;.<br \/>Ryanair&#x27;s profits rose to \u20ac2.26bn (\u00a32bn) from \u20ac1.6bn last year, with sales up 11% to \u20ac15.5bn for the year to the end of March.<br \/>But it said the outlook for the business was difficult to predict at the moment due to the Iran war as well as the ongoing conflict in Ukraine.<br \/>During the Middle East conflict Iran has launched attacks on neighbouring countries including Israel, Bahrain and the United Arab Emirates (UAE).<br \/>On Sunday, the UAE said a drone strike had triggered <a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/cwy27pkj1l1o\" class=\"sc-2554282c-0 cDYatN\">a fire near its nuclear power station<\/a>, calling the incident a &quot;dangerous escalation&quot;.<br \/>Officials are investigating the source of the strike. The country&#x27;s defence ministry said three drones had entered the UAE from the &quot;western border direction&quot;.<br \/>While two were intercepted, the third drone struck an electrical generator &quot;outside the inner perimeter&quot; of the Barakah Nuclear Power Plant in Abu Dhabi, sparking a fire.<br \/>No injuries were reported and there was no impact on radiological safety levels, local authorities said.<br \/>The internet giant dwarfs other online retailers on both sides of the Atlantic.<br \/>As the jury deliberates, this is what we found out during the weeks-long trial with two tech titans at its heart.<br \/>It can take a decade to bring a new orchid to market, so breeders keep their hi-tech processes secret.<br \/>The likes of Apple, Microsoft and Google are all putting cartoon characters centre stage.<br \/>Flying by air will get more expensive as oil prices remain high, says international industry body boss.<br \/>Copyright 2026 BBC. All rights reserved. The BBC is not responsible for the content of external sites.\u00a0<a target=\"_self\" href=\"https:\/\/www.bbc.com\/editorialguidelines\/guidance\/links-and-feeds\" class=\"sc-2554282c-0 cDYatN\"><b id=\"read-about-our-approach-to-external-linking.\" class=\"sc-4029fe79-0 kORWLB\">Read about our approach to external linking.<\/b><\/a><br \/>\u00a0<\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMiWkFVX3lxTE1CZTFpdHFrYklXZGo5N3lvc09jN3phUGdlOHdtdWctSXVybzdiLWlVNXV0a2poRW9SRnZLRnFOVXExVDlQd0R5OFBGZGxHY0R1ZElsbmZ3WXY0UQ?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of oil rose on Monday after US President Donald Trump warned Iran the &quot;clock is ticking&quot;, with talks to bring the war to an end apparently stalled.The global benchmark Brent crude hit $112 (\u00a383.62) a barrel at one point before slipping back to around $110.Government borrowing costs in the US, Japan and Europe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17344","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world"],"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/17344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=17344"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/17344\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/17345"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=17344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=17344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=17344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}