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Oil jumps after Saudi thwarts missile attack – latest updates

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6:01PM

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Thank you for following our coverage of the global bond sell-off, driven by investor’s fears over rising inflation.

Looking at the markets, the 10-year Treasury yield is sat at 5.14pc, while the benchmark Brent crude oil fell back slightly to $105.

This follows an escalation in tensions, as Saudi Arabia thwarted an attempted Houthi attack on a major export route.

You can stay up to date with the latest here .

5:20PM

FTSE falls at close after “showing resilience”

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The FTSE 100 index closed 0.24pc lower today after “showing resilience”, having led for most of the day.

Rising bond yields and oil prices above $100 per barrel weighed on equities, as defence and energy sectors helped limit broader market losses.

Dan Coatsworth, head of markets at AJ Bell, said: “The FTSE 100 showed resilience on Thursday as it benefited from strength in energy, consumer non-cyclical, healthcare, real estate and utility stocks.”

“These more than…

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