Oil futures fell 2 percent on Friday and were on track for their steepest weekly decline since early April. It comes after reports that the United States and Iran could reach an agreement to extend the current ceasefire.

Former Attorney General Pam Bondi is facing questions today from House Oversight investigators about the Jeffrey Epstein files. The appearance follows a dispute with the Justice Department, which argued Bondi should not be required to testify after leaving office.