
UK Borrowing Costs Soar to 1998 Levels as Oil Hits New High Amid Iran Tensions
UK Government Bond Yields Surge on Middle East Energy Risks UK long-term borrowing costs have skyrocketed to their highest point since 1998, driven by escalating fears of prolonged disruptions to Middle Eastern energy supplies amid rising tensions with Iran. The yield on 30-year government bonds surged above 5.7%, signaling a sharp increase in the interest rate investors demand to hold UK debt.










