Erika Herskowitz

shoot down Iranian drones targeting ships near the Strait of Hormuz and accused Iran of an egregious ceasefire violation with a ballistic missile fired at Kuwait.

Former U.S.

Central Command Intelligence Director Karen Gibson says even with all that, the ceasefire is still holding.

Retired Lieutenant General Karen Gibson, now the Academy Security's Geopolitical Intelligence Group, was a guest on Bloomberg Surveillance.

In the meantime, Treasury Secretary Scott Besson says the U.S.

will not tolerate a tolling system through the Strait of Hormuz, and he's warning Oman it'll target any actors involved.

Besson posted that on X on reports Iran and Oman are working on a mechanism to oversee shipping through the Strait.

Stocks are rising toward all-time highs on reports of the diplomatic breakthrough.

The Dow is flat, the Nasdaq up nearly 1%, the S&P up nearly two-thirds of a percent.

The 10-year Treasury yield is at 4.45%.

The two-year Treasury yield at 4.02%.

Brent crude is $93 a barrel.

West Texas Intermediate, $88 a barrel.

The Trump administration is ramping up its immigration crackdown on a couple of fronts.

The Justice Department is suing four states.

for refusing to issue undercover license plates to federal agents.

The lawsuits accuse Maine, Massachusetts, Oregon and Washington state of impeding law enforcement and threatening agents' safety with unconstitutional restrictions.

The U.S.

Attorney's Office in D.C.

has also issued subpoenas to X and Reddit, seeking names, addresses and banking info on users who've criticized the immigration crackdown.