Karen Moscow

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.

Brent is up more than 3.5% at $98.

The U.S.

is looking for specific commitments within days from European allies who have pledged to help secure the Strait of Hormuz after the Iran war.

That's what a senior NATO official is telling Bloomberg News after an apparently tense meeting between President Trump and NATO Secretary General Mark Ruda at the White House.

We get more with Bloomberg's Tyler Kendall in Washington.

And that's Bloomberg's Tyler Kendall, who says the president could roll back troop deployments or cut funds.

The U.S.

has 80,000 personnel in Europe and has a central role in NATO's missile defense, nuclear deterrence, and intelligence sharing.

Well, we have breaking economic news crossing the Bloomberg, including the latest reading of the Fed's preferred gauge of inflation from before the war began.

Bloomberg's Michael McKee has the PCE index for February.

And that's Bloomberg's Michael McKee.