World bond rates and most currencies drop on oil tanker attacks
European shares claw higher after early wobble and bond yields plunge, with Japan’s at a three-year low
London — Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up ultra-safe government bonds, gold and the yen.
Brent surged as much 4% after reports of the attacks added to the already-heightened tensions between Iran and the US. The area is near the Strait of Hormuz through which a fifth of global oil consumption passes from Middle East producers.