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The S&P 500 rose 0.1% in early trading, coming off its first weekly gain in six weeks.
US and Israel conducted strikes in Iran, reportedly killing 25 people before Trump's deadline.
KEY POINTS
- Iran's South Pars natural gas field was among the targets hit in the recent attacks.
- Mediators from Egypt, Pakistan, and Turkey proposed a 45-day ceasefire and reopening of the Strait of Hormuz.
- Trump warned of targeting Iran's power plants and infrastructure if the strait is not reopened.
- Japan has begun releasing oil reserves and seeking alternate routes due to Strait of Hormuz disruptions.
COMPANIES
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