Iranian Students' News Agency reported the U.S. ambassador to Israel said President Trump is disappointed with Iran's intransigence. The ambassador said predicting Iran's response is extremely difficult, but that Iran's military position is very weak and its economy has certainly been weakened.

Chicago wheat futures fell on Friday, pressured after hopes for Russia-Ukraine peace talks cooled. The contract slipped modestly following Thursday’s 2.6% decline and is set to post its first weekly drop in five weeks. Russian President Putin had earlier said there was room for constructive talks, comments that briefly lifted expectations of reduced export disruptions from a major grain-producing region.

U.S. Vice President Vance said U.S. taxpayers will also benefit from Venezuelan oil transactions.