Australia's Chalmers calls Iran war an economic disaster, says rising yields will cost billions

<p dir="ltr">Chalmers's warning on debt servicing costs puts the spotlight on the global rise in bond yields, which is now feeding directly into government budget arithmetic. That keeps fiscal supply and credit concerns on the radar for Australian government bonds ahead of the mid-year update. His focus on energy-driven inflation reinforces the case that oil is the main channel through which the I