Washington, and that, of course, the closing bell on Wall Street.

This market staged somewhat of a comeback to close mostly flat on the first day of trading

since the start of the U.S.'s war on Iran.

Oil prices, however, jumped more than 8%.

We'll have more on the potential economic fallout

in a moment, but we're going to begin with the intensifying military conflict, which has spiraled into a

full-blown regional war, raising major questions about how long U.S. combat operations will last

and whether it will require U.S. boots on the ground.

Right now, Secretary of State, Marco Rubio, Defense Secretary Pete Hegeseth, CIA Director John

Ratcliffe, and the chairman of the Joint Chiefs of Staff, General Kane, are all on Capitol Hill,

briefing congressional leaders behind closed doors. We're going to keep a close eye on what lawmakers

are saying

after they are briefed. Now, moments ago, though, we did hear from Secretary of State Rubio,

who emphasized the administration's position as to why these strikes had to happen now,

and the explicit purpose of this mission is to destroy Iran's ballistic missile capabilities.

The purpose of this is to destroy that missile capability.

Why does Iran want that ballistic missile capability?

What they are trying to do and have been trying to do for a very long time

is build a conventional weapons capability as a shield where they can hide behind,

meaning there would come a point where they have so many

conventional missiles, so many drones, and it can inflict so much damage that no one can do

anything about their nuclear program. That is what they were trying to do, is put themselves

...