“Iran War” Puts Global Markets Under Pressure

Global markets came under a new wave of pressure on Tuesday as fighting in the Middle East resumed and oil and gas prices climbed.

Government bond yields also rose, while investors confronted renewed concerns about inflation, higher borrowing costs and the prospects for the global economy.

The market moves followed new U.S. strikes against Iran. The operation marked the second round of American attacks in a matter of days, according to the report, adding to the strain on markets already reacting to the renewed conflict.