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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Bonds and equity markets tumbled on Thursday as investors warned that the region faced a “protracted energy shock” following attacks on energy infrastructure in Qatar and Iran.

Government bonds on both sides of the Atlantic were hit as traders bet that central banks would have to respond to the inflationary surge triggered by war in the Middle East by lifting borrowing costs, while European stocks and precious metals slumped.

The Stoxx Europe 600 dropped 2.4 per cent on Thursday in a broad-based slide, with every sector except energy declining. The FTSE 100 also fell 2.4 per cent. Wall Street’s S&P 500 fell…