Business·29.04.2026Resumen IA UK borrowing costs hit 1998 high as oil prices surge on Iran war fears
UK long-term borrowing costs have reached their highest level since 1998, with 30-year gilt yields above 5.7%, the highest in the G7. Oil prices have surged to new Iran war peaks, with Brent Crude exceeding $119.50 amid fears of extended disruption to energy flows through the Strait of Hormuz. The yield increases reflect investor concerns over UK public finances and sticky inflation, while rising energy prices are expected to feed through to households via fuel, heating, food and other goods.