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World shares decline as bond market pressure persists, and Irans rial sinks against the dollar

BANGKOK (AP) — World shares were mostly lower and oil prices slipped on Monday at the outset of a week capped by an annual meeting of top U. S. economic officials at Jackson Hole, Wyoming. Iran’s currency hit a record low as the U. S. prepared to announce new sanctions to try to break the impasse with Iran, adding pressure when its economy is already battered by earlier sanctions and a U. S. naval blockade. The rial dropped to 2. 02 million to the U. S. dollar on informal currency markets...

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