NEW YORK (AP) - Oil prices dropped back to where they were in the early days of the Iran war. The S&P 500 leaped 1.2% Friday. The Dow Jones leaped 870 points, or 1.8%, while the Nasdaq composite climbed 1.5%. Oil prices fell 9%.

WASHINGTON (AP) – The U.S. is urging other nations to back a “trade over aid” initiative at the United Nations as part of the Trump administration’s broader shift away from donor-focused development assistance and toward greater private investment.

ANTALYA, Turkey (AP) – Iran is not yet ready to hold a new round of face-to-face talks with U.S. officials, a senior Iranian official said Saturday, citing Washington’s refusal to abandon “maximalist” demands on key issues.

MEXICO CITY (AP) – The U.S. government slapped sanctions Thursday on two sons of Nicaragua’s husband-and-wife copresidents, Daniel Ortega and Rosario Murillo, as well as other officials and companies tied to the country’s gold industry, saying they help prop up a repressive government.

LONDON (AP) – British Prime Minister Keir Starmer probably wishes he had never heard the name Peter Mandelson. Starmer is again facing questions over his future. And again, it’s do with his misguided decision to appoint a self-professed “best pal” of convicted sex offender Jeffrey Epstein.

Netflix cofounder and chairman Reed Hastings will step down from the streaming service’s board of directors in June when his term expires, the company said on Thursday.

Excerpts from recent editorials in the United States and abroad:

NEW YORK (AP) – In a speech about the importance of ethics in the news media, veteran editor and retired Washington Post leader Marty Baron is singling out for criticism CBS News leaders, advocacy journalists and mainstream reporters who failed to aggressively cover former President Joe Biden’s fitness for office.