Energy Shock Spurs BOE Rate Hike Pressure Amid Global Bond Rout

The Bank of England faces investor pressure to raise rates as a global bond sell-off, driven by concerns over government borrowing and sticky inflation, is exacerbated by an energy shock from the Iran war. Oil price surges threaten to spread inflation through the UK economy, risking BOE credibility if it fails to act. The situation is developing, with the BOE decision due Thursday and the full economic impact of the energy shock still uncertain.