JUST THE FACTS

Iran declaring the Strait of Hormuz open and Israel's ceasefire with Lebanon sent stocks soaring Friday. The major indices all won the week easily with the Nasdaq and S&P closing at all-time record highs.

New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the very latest news on the conflict, and the impacts, updates can be found here.

Consumers aren't alone with their dread over the war's impact. Policymakers at a global economic meeting this past week feel it too, but they didn't stop there. It's the worst-case scenarios they really fear.

The war's impact on inflation last month at the wholesale-level delivered a mixed message. The overall yearly pace landed at a three-year high, but the monthly PPI came in at less than half most estimates.

Talks to end the war and the state of the ceasefire will again be the top stories for the week. Consumer-focused reports on retail sales and sentiment, plus earnings in tech, including Tesla, are also due out.

Early tumbles and the recent surge since the start of the war have made for a wild ride on Wall Street. All the volatility must rank pretty high in market history, right? Actually, no. In fact, it hasn't come close.