Oil prices climb on continued impasse in US-Iran talks
Oil prices and US Treasury yields hit multi-decade highs amid stalled US-Iran negotiations over resuming Persian Gulf energy supplies.
Veronica Majerol, Joe Rennison and Eshe Nelson
NEW YORK - Oil prices jumped and bond yields continued to rise on Sept 28 amid signs that Iran and the United States remained far apart in negotiating a resumption of energy supplies from the Persian Gulf.
The 10-year Treasury yield, which underpins corporate and consumer borrowing costs throughout the global economy, rose above 5.2%, its highest level in roughly two decades. The 30-year yield moved above 5.5%, also at a two-decade high and approaching its highest level since 2002.
source: The Straits Times https://www.straitstimes.com/business/oil-prices-climb-on-continued-impasse-in-us-iran-talks?ref=latest
