Iran Delays Peace Response Amid Infrastructure Strikes; European Yields Hit 15-Year Highs

Key TakeawaysIran has delayed its response to a 15-point U.S. peace proposal, with senior officials labeling continued American strikes on industrial and nuclear infrastructure as "intolerable" during active negotiations.European borrowing costs hit 15-year highs as the 10-year German Bund yield surged to 3.12%, driven by investor fears that the Middle East conflict will force the ECB into aggressive rate hikes to curb inflation.Tehran accepted a UN request to allow safe passage for humanitarian aid and vit ...