The bond market is in open revolt as Trump declines to accept an Iranian peace deal and oil hits $92 a barrel

Good morning. On Fortune’s radar today:

• Venezuela oil pact ‘looks like an insider deal.’
• Iran again offers Trump the deal he wants but the president wants to ‘hit them hard’ instead.
• Markets: It’s messy out there.
• You’re not still using a 60:40 stock-bonds portfolio, are you?
• The one number Fed Chair Warsh is actually watching.
• There’s a global sardine crisis—and prices are through the roof.

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This story was originally featured on Fortune.com