Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Cantonia on the opening bell hour of CNBC Squawk on the Street.

Good Friday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're here at

Post 9 of the New York Stock Exchange.

Let's start up with a look at energy prices.

You've heard at the end of Squawk Box some potential headlines from the foreign minister of Iran saying that the straight hardcore moves is, quote, completely open in line with the ceasefire in Iran. And that has sent crude to new lows. In recent lows, obviously, it's been far lower than that. But new

lows and the market is now looking far higher as well. So we're going to get into that, obviously, and a lot of other things.

Jesus, down 8% did. Yeah. In line with the ceasefire in Lebanon, the passage for all commercial vessels

through the strait of Ormuz is declared completely open for the remaining period of ceasefire

on the coordinated route, as already announced by Ports

and Maritime Organization of the Islamic Republic of Iran. That is on the X platform, but our colleagues

at MS now, and reporting and confirmed that it is, in fact, the Iranian foreign minister.

So we have to assume that is correct. But maybe that's why we rallied

3% 3% 3%. Maybe that's what this rally was about, as opposed to thinking, well, everything's

now better. I know in many ways, though, given the week that we have had, it's as though the market,

so to speak, has said, well, the war, I mean, it was over a week ago.

We're not worrying about the war anymore.

Exactly. So if we're going to take the market up on a Friday because of the straight, I think that why?

We've been going up and up and up because we felt that the war was over.

So now when we see something that's like this, this stock market is not going to do

what people think it should do, which is go higher. You had to take the risk that this would

happen and make the money. The guys who come in now, David? Yeah. I don't know. I mean,

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