Stocks fall, bond rout deepens as US and Iran trade attacks

Sept 2 : World stocks fell on Wednesday as fresh U.S. airstrikes on Iran pushed oil prices to five-week highs, stoking inflation concerns and extending a global bond selloff. The U.S. struck Iranian military targets near the Strait of Hormuz, while Tehran said it had targeted U.S. assets across the region, marking the most significant exchange of fire in weeks.Fears of further disruption to energy supplies lifted oil prices, with Brent crude futures last up 0.1 per cent at $94.87 a barrel. [O/R] "The recent increase in energy prices has put additional upward pressure on bond yields, which had already been on the rise on the back of some fiscal concerns," said Kiran Ganesh, multi-asset strategist at UBS Global Wealth Management. The yield on the benchmark U.S. 10-year Treasury bond rose to