Bond market in open revolt as Trump declines Iranian peace deal and oil hits $92 a barrel

➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. President Trump’s plan for the U.S. to own majority control of Venezuelan oilfields harks back to a century-old era of colonialism and backroom dealmaking with Venezuelan oilmen and politicians, energy and geopolitical analysts told Fortune’s Jordan Blum. “If the U.S. scheme in Venezuela sounds colonial, that’s because it is,” said Gregory Brew, senior analyst with the Eurasia Group. “This is the Trump administration trying to increase U.S. revenue from Venezuelan oil production. It’s extremely unusual. It’s probably unprecedented in the history of the international oil industry.” Under the deal, the U.S. would control more than 65 billion barrels of proven oil reserves in Venezuela. The agreement would give the…