U.S. President Donald Trump arrives for a speech at the Cross Hall of the White House in Washington, DC, on April 1, 2026.
Alex Brandon Poole | Getty Images News
Hello, my name is Dylan Butts from Singapore. Welcome to another edition of CNBC’s Daily Open.
The Iran war is now in its sixth week, and US President Donald Trump appears to be growing frustrated with the aftermath of the conflict.
In an expletive-laden social media post on Sunday that drew fierce backlash from opposition leaders and civil society groups, President Trump vowed to attack Iranian power plants and bridges if the Strait of Hormuz is not opened to all maritime traffic by Tuesday.
What you need to know today
Trump’s offensive social media posts come as the deadline for reopening the Strait of Hormuz to Iran was extended by 10 days last month and was set to end on Monday.
The strait is a key shipping route for global oil and gas supplies, and the continued blockade has sent oil prices soaring, with U.S. crude topping $114 a barrel on Sunday.
In another post later Sunday, President Trump said, “Tuesday at 8pm ET!” The White House told MS NOW that this date is the new deadline for reaching an agreement between Iran and the United States.
So far, Iran shows no signs of backing down and continues to attack economic and infrastructure targets in neighboring Gulf Arab states.
The Iranian government also shot down an American F-15E Strike Eagle fighter jet over the weekend, and President Trump announced Sunday that the missing military member had been rescued.
President Trump is scheduled to hold a press conference in the Oval Office on Monday at 1:00 pm (Eastern Time).
As the Middle East conflict escalated over the weekend, stock futures fell on Sunday after rising last week on hopes of detente.
The market is also keeping an eye on future developments with the Federal Reserve. The Senate Banking Committee is scheduled to hold a hearing on April 16 to nominate Kevin Warsh, a Trump supporter, to be the next Fed chairman, people familiar with the matter told CNBC.
Warsh’s nomination is moving forward even as a separate criminal investigation into the Fed continues, creating a potential conflict between two parallel processes initiated by the Trump administration.
— Dylan Butts
And finally…
‘Silent Killer’: How an AI startup is solving one of retail’s biggest problems
I’ll stop here. You will be dragged there. The drapes are wrong. These are some of the examples of feedback that new artificial intelligence apps can give to prospective customers who try on clothing before purchasing, making them less likely to have the item returned to the store in the process.
Fashion retailers are increasingly turning to AI to solve what many in the industry call the industry’s “silent killer”: increased product returns, a persistent drag on profitability.
A growing number of AI startups are offering virtual try-on technology that allows potential customers to visualize fit and style before making a purchase.
Technology companies have been trying to solve the online fit problem since the 2010s, and the rapid development of generative AI has finally made these applications powerful enough to have a significant impact on retailers’ bottom lines.
— Elsa Oren
