Inflection Point: Oil Surges Past $109, Yields Spike, Rare 4 Fed Dissents & Institutional Cracks Emerge

Stocks opened to relatively broad weakness as oil prices and rates climbed following a Wall Street Journal report that President Trump has told his aides to prepare for an extended blockade of Iran in order to compel it to give up its nuclear ambitions. The president doubled down on his stance that a deal with the…