The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0738 GMT - Yields on U.K. government bonds, or gilts, rise due to concerns about inflation as oil prices climb further. Widening conflict in the Middle East and further disruptions to the oil supply routes have caused oil prices to surge, raising the risk of elevated global inflation. Increased prospects of the Federal Reserve raising interest rates this week also push government-bond yields higher. Ten-year gilt yields climb 1.1 basis points to 5.369%, having hit a 19-year high of 5.4056% on Friday, LSEG data show. (miriam.mukuru@wsj.com)

0734 GMT - London's miners open lower Monday morning as oil prices rise and AI stocks tumble. Friday's U.S. consumer report also solidified expectations the Fed will increase interest rates, which could slow investment and cut demand for mined metals and minerals. Higher oil prices will eat into margins given miners are some of the world's largest consumers of diesel. Copper miner Antofagasta falls 2.4%. Glencore drops 2.01% while BHP's London-listed shares trade 1.7% lower. Rio Tinto's London shares are down 1.6%.(adam.whittaker@wsj.com)

0722 GMT - European energy stocks start the week higher as oil prices climb. Houthi rebels have seized key territory around the strategic Bab al-Mandeb Strait. This means the two most important energy corridors in the Middle East-including the Strait of Hormuz on the other side of the Arabian Peninsula-are under the sway of Iran and its allies. Drone attacks on Saudi Arabia's East-West pipeline have also increased supply fears. This pushes Brent crude 2.2% higher to $106.93 a barrel while WTI futures gain 2.2% to $102.23 a barrel. In London, BP gains 1.15% and Shell rises 1%. Spain's Repsol, Italy's Eni and France's TotalEnergies rise more than 1%. (adam.whittaker@wsj.com)

0706 GMT - Oil prices start the week higher as conflict in the Middle East spreads. Iran-backed Houthi militants have seized key territory around the strategic Bab al-Mandeb Strait. Drone attacks on the East-West pipeline, which had become a key conduit for Saudi Arabian crude to reach customers, will also constrain supply. In morning European trade, Brent crude rises 2.2% to $106.93 a barrel while WTI futures are 2.2% higher at $102.23 a barrel.