President Trump pledges to destroy Iran's power plants unless it opens the Strait of Hormuz.
Plus, Jamie Dimon warns of an inflation run-up stemming from the war.
And the Trump administration goes to bat for American cheesemakers, raising a stink in Europe.
The United States government has probably never really taken this level of consistent action to try to make sure
that American cheesemakers are not discriminated against in international markets.
It's Monday, April 6th.
I'm Luke Vargas for The Wall Street Journal,
and here is the AM edition of What 's News, the top headlines and business stories moving your world today.
President Trump is due to hold a press conference on the Iran war this afternoon,
likely detailing the rescue of an American aviator who had been trapped in Iran for more than 36 hours and potentially
providing an update on diplomatic dealings with Tehran.
In an interview with Fox, Trump reportedly said that the US could reach a deal with Iran as soon as today,
even as he threatens to escalate the conflict.
Trump has given Iran until Tuesday evening to reopen the Strait of Hormuz and saying
that hell will rain down if they do n't.
And in an expletive-laden follow-up post yesterday,
he promised to destroy Iran's energy sites and bridges if the waterway is n't opened.
Correspondent Dov Lieber said the warning comes as both the U.S.
And Israel have drawn up plans to shift the war into a new phase that's focused on striking civilian infrastructure.
The Israelis tell me that they have plans to hit Iranian energy facilities.