Nathan Hager

ceasefire if Israeli attacks in Lebanon continued.

ABC News is reporting that the Justice Department's investigating a series of well-timed oil trades ahead of major presidential announcements on the war.

The report says at least four of those transactions netted more than $2.6 billion on bets oil prices would fall just before they did.

Neither DOJ nor the Commodity Futures Trading Commission are commenting.

The war could overshadow Secretary of State Marco Rubio's visit to the Vatican.

He's been holding an audience with Pope Leo XIV as President Trump's been lobbying repeated attacks at the American-born pontiff for speaking out against the war.

Bloomberg's Richard Bravo has more from Brussels.

Bloomberg's Richard Bravo reporting from Brussels.

A State Department spokesman says Rubio and the pontiff met for about two and a half hours and discussed efforts to achieve a durable peace in the Middle East, along with topics of mutual interest in the Western Hemisphere.

There are broader tensions between the U.S.

and Europe.

The European Union failed to ratify its trade deal with the U.S.

last night despite threats of higher auto tariffs from President Trump.

And the president's been sparring with German Chancellor Friedrich Merz after the German leader told a group of students last week the U.S.

has been humiliated by Iranian negotiators.

German Foreign Minister Johann Wadafull is trying to smooth that over.

Diplomat spoke with Bloomberg News Editor-in-Chief John Micklethwaite.

You can catch their full conversation on our new video hub at Bloomberg.com slash videos.

Hopes for Middle East diplomacy have stocks on the rise.

S&P futures are up two-tenths percent.