The GuardianUK News & Comment• 1 min read

Long-term UK borrowing costs at 28-year high as rising oil prices trigger global bond rout – business live

Published 1 September 2026, 9:51am

European stock markets fall sharply and Brent crude rises above $92 a barrlel amid renewed fighting in Middle East The FTSE 100 index is down just over 1%, driven by sharp falls in mining and manufacturing shares.

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