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Middle Eastern shipping attacks push up oil and gas prices, global bond yields rise

Middle Eastern shipping attacks push up oil and gas prices, global bond yields rise

智通财经智通财经2026/10/08 12:07
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(1) The oil tanker attack in the Strait of Hormuz has intensified concerns over crude oil supply, pushing Brent crude up by $3.7 in a single day to $103.6 per barrel. Inflation expectations have risen again, leading to increases in global government bond yields and a general decline in equity markets. (2) European natural gas prices have risen to a two-week high, with Dutch benchmark gas contracts up 2.8% to €79.6 per megawatt-hour. Maersk has announced that starting next Monday, emergency fuel surcharges for imports and exports will be raised to 19%. (3) The yield on long-term UK government bonds has broken above 6% again, with the 30-year gilt yield reaching 6.004% and the 10-year gilt rising to 5.46%, putting pressure on the UK Chancellor ahead of the upcoming budget. (4) The eurozone bond market is also weakening, with French 10-year government bond yields rising to 4.91% and the France-Germany bond yield spread widening. The STOXX Europe 600 Index fell by 0.9%, hitting a nearly four-month low.

(1) The oil tanker attack in the Strait of Hormuz has heightened concerns over crude oil supply, with Brent crude surging by $3.7 in a single day to $103.6 per barrel. Inflation expectations have once again heated up, pushing global government bond yields higher and causing equity markets to generally retreat. (2) European natural gas prices have risen to a two-week high, with the Dutch benchmark natural gas contract up 2.8% to 79.6 euros per megawatt-hour; Maersk announced that starting next Monday, emergency fuel surcharges on imports and exports will be raised to 19%. (3) The long-term UK government bond yields have once again surpassed 6%, with the 30-year gilt yield reaching 6.004% and the 10-year gilt yield rising to 5.46%, putting pressure on the UK Chancellor of the Exchequer ahead of the upcoming budget announcement. (4) The Eurozone bond market has simultaneously weakened, with the yield on France's 10-year government bond rising to 4.91%, and the spread between French and German government bonds widening; the pan-European Stoxx 600 Index fell 0.9%, hitting its lowest level in nearly four months.
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