"JD Vance blamed the collapse of the talks on Tehran's refusal to abandon its nuclear weapons programme, while Iranian sources hit back at excessive demands from Washington."
"Governments have grown concerned at the long-term impact of rising inflation following a jump in oil and gas prices."
"Absent a swift resumption of negotiations, the immediate reaction of financial markets when they open for the trading week will be to push oil prices higher and borrowing costs higher."
The failure of US and Iran to reach a peace deal has heightened market concerns about rising oil and gas prices. US Vice President JD Vance attributed the collapse to Iran's nuclear program, while Iranian sources criticized US demands. The ongoing conflict has led to inflation worries, prompting central banks to reconsider interest rate cuts. Social unrest in Ireland reflects public discontent over living costs. Financial markets are expected to react negatively, pushing oil prices and borrowing costs higher without a swift resumption of negotiations.
Read at www.theguardian.com
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