Monica Ricks
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Iran targeted more sites in Arab Gulf states overnight, hours after President Trump issued fresh threats against Iranian infrastructure on social media.
A drone attack caused a fire at an oil refinery in Kuwait, and other attacks were reported in Abu Dhabi and Saudi Arabia.
Later today, the United Nations Security Council will likely vote on a resolution to reopen the Strait of Hormuz, which remains mostly shut in the Gulf.
The Labor Department just released new jobs data, and American employers added a surprisingly strong 178,000 jobs last month.
The unemployment rate also fell to 4.3%.
We'll have to wait till Monday to see how the markets react.
Wall Street's closed for Good Friday.
Stocks reversed sharp declines, though, to close a little higher on Thursday.
Oil also soared thanks to the war in Iran, with Brent Crude topping $109 a barrel.
Monica DeCenso is head of global investment opportunities at JPMorgan Chase.
The longer this continues, you start to worry about the consumer if gas prices stay elevated.