The price of oil jumped and stocks fell slightly Monday as traders digested renewed tensions between the U.S. and Iran over the critical Strait of Hormuz.U.S.

After the announcement of the reopening of the Strait of Hormuz on Friday, the Dow went up nearly 900 points, and the S&P 500 and Nasdaq also rose sharply. It comes as oil prices also plunged which might mean gas prices will start coming down as well. NBC’s Allie Canal joins Saturday TODAY to break down what Iran’s new closure of the Strait of Hormuz means for the economy, gas prices and more.

Oil prices plunged and two U.S. stock indexes hit all-time highs after Iran’s foreign minister said the Strait of Hormuz was open for commercial vessels.

Paramount Skydance Chief David Ellison made a surprise appearance at CinemaCon on Thursday, assuring movie theater owners that the studio’s planned acquisition of Warner Bros. Discovery.

In a surprising move, the shoe company Allbirds is fleeing the footwear business and pivoting to AI. The company announced it is changing its name to “NewBird AI” and struck a $50 million agreement to fund the new venture.

A federal jury on Wednesday decided Ticketmaster and its parent company Live Nation have been operating as an illegal monopoly. The jury’s verdict sides with claims from over 30 states in one of the biggest anti-trust cases in recent history. The entertainment giant is accused of stifling competition by controlling every aspect of the live music industry from concert bookings and ticketing to venues and promotions. NBC’s Emilie Ikeda reports for TODAY.

As the war in Iran continues, the markets saw a record-setting day of trading on Wednesday with both the Nasdaq and S&P 500 closing at all-time highs after President Donald Trump said the war in Iran is “very close to over.” Gas prices remain high, but Treasury Secretary Scott Bessent suggested they will get into the $3 range some time by the summer. NBC’s Christine Romans joins TODAY to break down what you need to know.

A jury found that Live Nation and its subsidiary, Ticketmaster, illegally maintained monopoly power in the ticketing market. NBC News’ Misty Marris and Allie Canal detail the high-stakes antitrust trial and how this will impact customers. 

A jury in a high-stakes antitrust trial found Wednesday that Live Nation and its subsidiary Ticketmaster illegally maintained monopoly power in the ticketing market

The S&P 500 hit a new all-time high Wednesday, a remarkable turnaround for stocks while the war with Iran drives up energy prices and cuts into global growth.