Iranian president condemns Israel's nuclear arsenal as bond yields spike
Iran's war with the US shows no sign of ending, and the economic damage is piling up at home — bad news for Americans facing higher mortgage rates, gas prices, and grocery bills.
- Iran's president used the UN stage to attack Israel for holding nuclear weapons while refusing inspections, and for the death toll in Gaza.
- A side meeting on Iran produced nothing, killing hopes that talks might restart soon.
- Government bond yields jumped past 5% in the biggest one-day move in years, meaning buyers of US debt are losing money and fewer want to buy more.
- That pushes mortgage rates near 7% while gas and beef prices stay high — the things people actually feel.
- Eight sailors on the USS Lincoln carrier group attempted suicide during an unusually long deployment, a sign of how thin the military is stretched.
Outlook: Iran appears to be betting the war lasts until Trump leaves office, while rising borrowing costs and prices set up a political backlash at the midterms.