Nathan Hager

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.

Now, German Chancellor Friedrich Merz reiterated his country's pledge to help secure the Strait today.

Merz says he has spoken with President Trump as well about the future of NATO.

We got a fresh look at how the economy is doing before the war began.

Bloomberg's Michael McKee has the Fed's preferred read on inflation from February.

And Bloomberg's Mike McKee reports consumer spending barely budged with those price pressures, up just a tenth of 1% adjusted for inflation.

Stocks are moving lower right now.

The S&P 500 and the Dow Jones Industrial Average are both down two-tenths of 1%.

The Nasdaq Composite is a third of a percent lower, and the 10-year Treasury yield is up about a basis point to 4.30%.

We have another big deal in the AI race.

CoreWeave says it struck a $21 billion agreement to provide compute power to meta platforms for the next six and a half years.

Anurag Rana covers tech for Bloomberg Intelligence.