Oil, Sanctions, and the Bond Market: A Perfect Storm of Trump's Making The bond market is in chaos, its turmoil fueled not by a global sardine crisis or an Iranian peace deal slipping out of reach, but by something more fundamental: the Trump administration's reliance on economic coercion as a foreign policy tool.
As oil prices soar to $92 a barrel and bond yields hit their highest levels since the late 1990s, it becomes increasingly clear that President Trump's approach to geopolitics has far reaching consequences for global markets.
At the heart of this perfect storm lies Venezuela, where the Trump administration is pushing for a deal that would grant the US majority control over the country's oilfields.