Nathan Hager

Retired Colonel Wayne Sanders of Bloomberg Intelligence, and with the straits still effectively shut down, West Texas Intermediate

Crude is surging above $111 a barrel, a gain of 11%.

For Brent, it's up nearly 7%, just shy of $108.

Mike McGlone is a senior commodities strategist for Bloomberg Intelligence.

Mike.

McGlone with Bloomberg Intelligence.

And right now, stocks are sinking.

The S&P 500 is down 0.7% off session lows for this day before Good Friday.

The Dow Jones Industrial Average is lower by 0.8%.

The Nasdaq Composite is down 1%.

The 10-year Treasury yield is down almost two basis points to 4.30%.

President Trump has reportedly informed Pam Bondi her time as attorney general is nearing an end.

That is according to a report from Semaphore.

This follows multiple reports that the president has spoken with allies about potentially firing the attorney general.

and replacing her with Deputy AG Todd Blanch or EPA Administrator Lee Zeldin.

The reports say President Trump has been frustrated with Bondi's handling of the Jeffrey Epstein files, as well as what he sees as a lack of aggressiveness in going after his political opponents.

On Capitol Hill, the House has adjourned without taking action to end the longest partial government shutdown in American history.

The Senate voted unanimously again this morning for a measure to fund the Department of Homeland Security without immigration enforcement.

The House rejected that same bill last week, but Speaker Mike Johnson now says he backs a two-track process to fund immigration through a party-line vote.

President Trump says he wants that bill on his desk.