Oil prices jump 5% on Middle East tensions and US hurricane threat

Global bond market sell-off continues and stocks fall amid reports White House has asked to see options for more strikes against Iran Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.

Brent crude, the international benchmark, rose by 5% to $105. 3 a barrel on Thursday, triggering a wave of selling in the…