No breakthroughs to end the war with Iran have been made as the U.S. awaits Iran's response to its latest peace proposal. Despite exchanging fire this week, both sides are maintaining that the month-long ceasefire still holds. NBC News' Julie Tsikrin has the latest.
Oil prices jumped on Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries is rapidly unraveling.
The S&P 500 leaped 2.5% after Trump announced a two-week ceasefire with Iran, less than 90 minutes before a deadline Trump had set for it to open the Strait of Hormuz.
