Nathan Hager

An Iranian drone attack overnight caused a fire on a fully loaded Kuwaiti oil tanker docked in Dubai.

Kuwait says no oil was leaked and the 24 crew members on board are safe.

Gasoline prices in this country have jumped more than a dollar since the war began.

AAA's nationwide average for regular unleaded now stands at $4.02.

It's the first time a gallon's been above $4 since August 2022.

At the same time, consumer confidence picked up a bit this month on the Conference Boards Index.

It rose to 91.8, nearly four points higher than economists surveyed by Bloomberg were expecting.

It's even a surprise to the conference board's own senior U.S.

economist, Yelena Shelyetcheva.

Conference board's Yelena Shelyacheva tells Bloomberg Intelligence people are feeling more upbeat about the labor market and current conditions.

European Central Bank President Christine Lagarde reportedly used a high-profile G7 meeting to call out Treasury Secretary Scott Bessent for saying the war's economic fallout won't last.

Bloomberg News has learned Lagarde told Bessent and other central bankers, along with government ministers on the call,

that the effects will be felt for a long time because so much has already been destroyed.

Right now, crude is mixed.

Brent crude is lower by 0.3% trading around $107 a barrel.

West Texas Intermediate is still higher by about 1% trading close to $104.

And stocks are surging right now.

The S&P 500 is up 1.5%.

The Dow Jones Industrial Average is 1.2% higher.

The Nasdaq Composite is soaring by 2%.