Israel and Iran traded strikes as Trump claimed diplomatic progress, even as hostilities intensified.
U.S. stocks fell sharply on Friday, with the S&P 500 dropping 1.7 percent to close its fifth straight losing week. The sell‑off came even as Trump sought to project confidence in diplomatic efforts. Speaking to reporters at the White House on Thursday, Trump said he was “not desperate” for a deal with Iran and insisted negotiations were progressing, even as he extended a deadline for potential U.
S. strikes on Iran’s energy infrastructure to April 6. “I’m the opposite of desperate,” Trump said, adding that the administration had “very substantial talks going on with respect to Iran.” At the same time, oil prices surged again. Brent crude, the international benchmark, briefly traded above $112 per barrel on Friday and has climbed roughly 50 percent since the war began, driven by fears of prolonged disruption to energy supplies from the Persian Gulf. Market analysts said the parallel drop in equities and jump in oil prices reflected a risk‑off move heading into the weekend, as investors remained wary of further volatility tied to military developments and shifting signals from the Trump administration.
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