Negotiators from Iran and the United States prepared Friday for high-level talks planned to start a day later in Islamabad, seeking to steady a ceasefire teetering over Israel and Hezbollah exchanging fire and Tehran’s chokehold over the Strait of Hormuz.

U.S. and Iranian leaders appear at odds over the terms of the ceasefire agreement heading into a weekend when peace talks are supposed to happen.

Israel and Hezbollah continue to trade strikes as Trump tells US media he has asked Netanyahu to be more ‘low-key’ in Lebanon. Follow live news

Stocks extended their rally on Thursday after President Donald Trump agreed to a two-week ceasefire with Iran.

World leaders from Israel, Germany and the U.K. are praising President Donald Trump’s ceasefire with Iran. Trump says the U.S. "will be helping with the traffic buildup in the Strait of Hormuz."

Iran said passage through the Strait of Hormuz will be allowed if vessels coordinate with its armed forces. But it wasn't clear whether Tehran would seek to charge a fee or limit traffic. For now, an uneasy ceasefire is in place,

The first two days of the truce not only haven’t gone smoothly, but they’ve also been marked by major disagreements about the terms of the agreement.

Euro zone benchmark Bund yields were on track for a weekly rise, despite their sharpest drop in years ​on Wednesday, as a ceasefire between the U.S. and Iran showed further strain.