August 31, 2026 8:30 AM
Shares skid in Asia as oil, yields stay high
Share markets slipped on Monday in Asia as fresh fighting broke out between the United States and Iran, lifting oil prices, while bond yields stayed elevated after investors narrowed the odds on a U.S. rate hike. Brent futures climbed 1.4% to $89.38 a barrel after U.S. forces struck two of Iran's launchers on its island of Larak on Sunday. In response, Iran was attacking U.S. forces stationed in Jordan, Fox News said. The resulting risk to inflation kept bond markets on edge after Federal Rese...