Monica Ricks

I'm Monica Ricks and this is Bloomberg.

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I'm Monica Ricks.

Iran has shot down a second U.S.

fighter jet, marking a significant escalation as the war in Iran now enters its sixth week.

The U.S.

is also still searching for a second crew member of another downed jet, and former Deputy CENTCOM Commander Vice Admiral Robert Harward says that could affect operations.

Harvard on ABC News.

Iran has offered a bounty for that crew member.

The other pilot was safely rescued.

In a phone interview with NBC, President Trump didn't discuss the operation, but did say the events wouldn't affect ongoing negotiations with Iran.

Bloomberg's Jamie Terabin weighs in.

That's Bloomberg's Jamie Tarabay on Bloomberg this weekend.

It airs till 10 a.m.

Eastern.

Meantime, the U.S.

is doubling its commitment now to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz to $40 billion with the addition of new insurance partners including AIG and Berkshire Hathaway.

That move Friday is the latest U.S.

effort to ease worries over the vital waterway and to encourage traffic to resume despite an effective Iranian blockade and continued hostilities in the region.

Wall Street will have a few days to digest the latest jobs report, which shattered expectations Friday.