Sabrina Siddiqui

Shelby Holliday, a Wall Street Journal senior video and national security correspondent, has the latest.

Shelby, how significant is this flare-up?

Are we effectively watching the ceasefire unravel?

So is the president's new initiative to move ships out of the Gulf working?

What diplomatic efforts, if any, are underway behind the scenes to contain this?

That was The Wall Street Journal's Shelby Holliday.

Shelby, thank you.

Thank you.

Rising military tensions in the Iran war sent stocks lower and oil prices higher today.

Brent crude, a global price gauge, rose 5.8% to more than $114 a barrel.

That's the highest close for the most traded contract since 2022.

The S&P and Nasdaq both closed out last week at record highs, and they slipped from those levels today.

The Dow led the losses in the major indexes, falling 1.1%.

If you invest in ETFs, odds are it's something like an index fund that tracks the S&P 500, a low-cost strategy that's been hugely popular.

But investors have recently been pouring money into ETFs that are actively managed by fund managers.

Those cost investors more, and big firms like BlackRock and JP Morgan are leaning into the trend of offering such ETFs.

Jack Pitcher, a Wall Street Journal reporter covering financial markets and the asset management industry, says new types of ETFs have particular appeal for a certain demographic.

That's been very good for Wall Street asset managers.

They've had a hard time making money on passive funds, whose fees went very close to zero.

That was The Wall Street Journal's Jack Pitcher.