LONDON—Stagflation jitters stunted growth in global shares on Monday, while bets that major central banks will tighten monetary policy pushed up bond yields and lifted the dollar to a near three-year peak against the Japanese yen. Brent oil prices extended their bull run to reach ground last visited in late 2018, with gains across the energy complex stoking inflation concerns. “Higher energy prices, shortages will inevitably make their way through global value chains in the form of rising prices and potentially shortages of industrial and consumer goods,” OANDA analyst Jeffrey Halley said. “All of this makes the constant blathering from central bankers around the world about inflation being ‘transitory’ ring more and more hollow.” In Europe, surging commodity prices supported oil and mining shares, but fears persisted about stagflation, an environment of economic stagnation and rising prices. The euro STOXX 50 traded 0.3 percent lower. Nasdaq futures and S&P 500 …