Good morning from the Financial Times.
Today is Wednesday, August 19th, and this is your FT News Briefing.
Insiders say Iran is eyeing military targets in Europe,
and this week's global bond sell-off could be just the beginning.
Plus, some of Donald Trump's attacks on renewable energy have backfired on him.
I'm Sonia Hudson in for Mark Filippino, and here's the news you need to start your day.
People close to the Iranian regime tell the FT that Tehran could expand its war with the U.S.
Beyond the Middle East.
Two regime insiders say that if Washington escalates, Iran has considered attacking U.S.
Military targets in southeastern Europe.
So far, Tehran has retaliated primarily against American allies in the Gulf.
The threat to expand the war outside the region reflects a defiant mood in Tehran.
Peace talks have stalled for weeks, and many in the Iranian regime see a return to war as inevitable.
A global bond sell-off continued yesterday,
and long-term borrowing costs across major economies hit levels not seen in decades.
So is this the beginning of a new era of higher borrowing costs?
Here to tell us is the FT's Emily Herbert.
She covers markets.
Hi, Emily.
Hi, Sonia.