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Story summary
- U.S. attacks on Iran pushed Brent crude above $90 a barrel, the highest since early June.
- 30-year Treasury yields rose above 5.0%, giving markets a 65% chance of a Federal Reserve (Fed) hike in September.
- British sterling held at $1.3447 while incoming Prime Minister Andy Burnham prepared to name a new treasurer.
- UK government bonds fell sharply after Burnham pledged to follow existing fiscal rules with flexibility.
