0732 GMT - Yields on U.K. government bonds, or gilts, rise as oil prices accelerate due to new U.S.-Iran hostilities. The U.S. said it struck three Iranian oil tankers over the weekend, after Iran launched missiles toward two Navy warships. Bond investors are concerned that elevated oil prices could cause higher inflation, raising the risk of the Bank of England increasing interest rates in the coming months. Ten-year gilt yields rise 2.4 basis points to last trade at 5.162%, Tradeweb data show.
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