Karen Moscow

News when you want it with Bloomberg News Now.

I'm Karen Moscow.

Iran's foreign minister is again asserting that Israel's renewed attacks on Lebanon is a clear violation of the ceasefire agreement that was reached with the U.S.

U.S.

officials disagree.

This is the two sides head for talks this weekend on a plan to firm up the fragile truce.

Bloomberg Israeli Bureau Chief Ethan Broder says Israel's recent attacks on Beirut should not be a deal breaker.

And that's Bloomberg's Ethan Brawner.

U.S.

and Iranian officials are set to begin talks on Saturday.

Vice President J.D.

Vance is expected to lead the American delegation.

White House economic advisor Kevin Hassett commented to Fox News this morning.

And that's White House economic advisor Kevin Hassett who tells Fox News he hopes a final deal with Tehran could be wrapped up by this weekend and he still sees 4 to 5 percent economic growth this year despite the war.

All this comes as the street of Hormuz remains effectively shot as ship owners await clarification on the status of the key waterway.

In an interview with ITV, Iran's deputy foreign minister said oil tankers and other vessels seeking to transit the strait must make contact with the Iranian military to ensure their safe passage.

He said there are, quote, technical restraints resulting from the conflict, such as mines that require caution.

Oil, meanwhile, is rebounding this morning.

NYMEX crude oil is up more than 5%.

It's at $99.24 a barrel.