Sable Offshore (SOC) falls 6% after the energy company had charges due to displaced cargoes in the second quarter and faced oil sales constraints at the start of the third quarter. Upwork (UPWK) tumbles 19% after the online recruitment company cut its full-year forecast for both revenue and adjusted Ebitda. Earlier, US President Donald Trump made sweeping new demands on Iran, dimming hopes for a deal to reopen the Strait of Hormuz. Oil’s continued climb amid US President Donald Trump’s new demands on Iran has revived inflation concerns for regional economies. That backdrop of higher oil prices and rate hike speculation meant it was a tricky session for sovereign bonds around the world.