Stocks whipsawed after President Trump signaled escalation of strikes on Iran could come tomorrow, overshadowing ceasefire hopes.

Trump gave Iran until 8pm Eastern tomorrow, after which they'll have no bridges or power plants.

OPEC+ warned damage to energy assets will have prolonged impact on oil supply; attacks hit refineries in Saudi Arabia, Kuwait, and UAE.

Bloomberg's Wilk Obzanski reported extensive damage across energy complex including Saudi Arabia's largest refinery, Kuwait refinery, and UAE petrochemical facility.

Brent crude over $109, WTI closer to $113; OPEC+ approved symbolic output increase amid Hormuz disruptions.

JPMorgan CEO Jamie Dimon's annual letter says US needs to get stronger to maintain military and economic might.

Dimon discussed geopolitical issues including Iran and Ukraine wars, emphasized need for bank and citizens to bolster US position.

He ragged on Europe for not doing enough, similar to his previous talking points.

JPMorgan launching initiatives like Security and Resiliency Initiative and American Dream Initiative focused on US economy.

Dimon leaning into elder statesman role in industry.

Dimon says bank deploying more than $1 trillion to boost economy and tackle policy issues.