US Bonds Fall as Strong Jobs Data Undermines Fed Cut Outlook




From farms in New Zealand to factories in Delhi, the effects of the oil crisis triggered by the Iran war are rippling across Asia
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© Photograph: Anadolu/Getty Images

© Photograph: Anadolu/Getty Images

© Photograph: Anadolu/Getty Images


As other Asian economies race to conserve energy, China has huge reserves of oil and gas as well as alternative energy sources like wind and solar
Xi Jinping has been preparing for a crisis like this for years. China must secure its energy supply “in its own hands”, its president was reported to have said during a visit to one of its vast oilfields in 2021.
The US-Israel war on Iran plunged the Middle East into a deep conflict, with the strait of Hormuz – one of the most important waterways in global trade – all but closed and key energy facilities across the region under attack.
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© Photograph: VCG/Getty Images

© Photograph: VCG/Getty Images

© Photograph: VCG/Getty Images




The Swedish flight tracking tool, spun out of a price comparison portal, is tracking the travel chaos sparked by the US-Israel war on Iran in real time
Mikael Robertsson and Olov Lindberg did not set out to build one of the pre-eminent monitors of global airspace. In a bid to draw more eyes to their Swedish flight price comparison portal, the entrepreneurs added a page charting air traffic.
That page became Flightradar24, the portal that people around the world now turn to when there is chaos – and drama – in the skies.
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© Illustration: Flightradar24

© Illustration: Flightradar24

© Illustration: Flightradar24
The arrival of loggerheads in New South Wales shows these ‘sentinels of climate change’ are being forced into unknown territory
When Bulwal Bilima (BB for short) first arrived at Taronga Zoo in Sydney, Australia, she, or possibly he, was lethargic, badly constipated and dehydrated. Named “strong turtle” in the Aboriginal Dhurga language of the Yuin people on whose land it was found, the tiny 110g loggerhead hatchling, no bigger than a bar of soap, had a fight on its hands.
The baby turtle was found stranded in New South Wales’s Booderee national park last April, much further south than the usual hatching grounds. After days of feeding on squid, sardines and marine vitamins, BB, whose sex cannot be determined until it is fully mature, revived.
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© Photograph: Taronga Zoo PR/Taronga zoo

© Photograph: Taronga Zoo PR/Taronga zoo

© Photograph: Taronga Zoo PR/Taronga zoo
Hundreds of thousands of passengers remain stranded, with key air hubs in Middle East closed amid fallout from US-Israeli strikes on Iran
Thousands more flights were cancelled on Monday as the turmoil in global air travel caused by the US-Israel war on Iran continued, with hundreds of thousands of passengers stranded.
Gulf airports and airlines have suspended normal operations until at least 10.00 GMT on Tuesday. However, a limited number of special services were due to depart from the UAE on Monday evening.
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© Photograph: Altaf Qadri/AP

© Photograph: Altaf Qadri/AP

© Photograph: Altaf Qadri/AP
Brent crude jumped by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption
Oil prices rose and stock markets came under pressure on Monday after intense US-Israeli strikes on Iran prompted fears of significant global economic disruption.
Brent crude jumped by as much as 13% during early trading – to hit $82 per barrel, a 14-month high – as the effective closure of the strait of Hormuz, one of the most important arteries for global trade, intensified concerns over oil supplies.
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© Photograph: EPA

© Photograph: EPA

© Photograph: EPA
Wave of strikes comes after Taliban forces attack Pakistani border troops following earlier action from Islamabad
Pakistan has bombed major cities in Afghanistan including the capital, Kabul, with Islamabad’s defence minister declaring that the hostile neighbours were in a state of “open war” as a cycle of retaliatory attacks escalated further.
Witnesses in Kabul and Kandahar, the southern Afghan city, reported explosions and jets overhead until dawn, while the Taliban government said later that Pakistani surveillance aircraft were still flying over Afghanistan.
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© Photograph: Samiullah Popal/EPA

© Photograph: Samiullah Popal/EPA

© Photograph: Samiullah Popal/EPA
Economies such as the UK, India, Japan and the EU raced to hammer out agreements, but the blanket rate has left them wondering where they stand
“America is WINNING again,” Donald Trump declared last week, unveiling the first batch of Japanese-backed projects under a mooted $550bn investment surge into the US as part of his trade pact with Tokyo.
After the US president tore up the global economic order in 2025, Japan was one among the countries scrambling to strike a deal. They pledged to dramatically increase investment in the US in exchange for lower US tariffs on Japanese exports.
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© Photograph: China News Service/Getty Images

© Photograph: China News Service/Getty Images

© Photograph: China News Service/Getty Images