Nathan Hager

I'm Nathan Hager.

Day two of the ceasefire between the U.S.

and Iran is looking tenuous.

Both sides are accusing each other of violating the truce, even as direct talks are still expected to begin this weekend in Pakistan.

Golnar Motavali leads Bloomberg's Iran coverage from London.

Bloomberg's Golnar Motavali reports Iran's president's calling negotiations meaningless if Israel continues to attack Lebanon.

The U.S.

says that was never part of the deal.

And White House economic advisor Kevin Hassett says he does not expect it to derail talks.

White House economic advisor Kevin Hassett appeared on Fox Business after yesterday's huge Israeli attack across Lebanon that left more than 200 dead.

This morning, Israel's military is warning residents of eight neighborhoods near Beirut to evacuate ahead of more attacks.

The Strait of Hormuz remains all but shut down despite the ceasefire, and that has crude oil back on the rise.

Brent is up more than 4%, trading just shy of $99 a barrel.

West Texas Intermediate's back above $100 at $101.33, a gain of 7.3%.

Alaric Nightingale leads our team covering oil trading in Europe for Bloomberg News.

Bloomberg's Alrick Nightingale reporting, European leaders have promised to help secure the Strait once the fighting ends.

The U.S.

is looking for more specifics fast.

Bloomberg's Tyler Kendall has more from Washington.

Bloomberg's Tyler Kendall reporting.