Luke Vargas

Asian stocks have end of the day mixed.

European stocks are up in midday trading, and U.S.

stock futures are higher ahead of earnings from Nike and McCormick, as well as the Labor Department's jolts jobs data for February due out at 10 a.m.

Eastern.

And we have got a lot more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

President Trump weighs ending the Iran war without forcing a reopening of the Strait of Hormuz.

Plus, Washington state moves to tax millionaires as the blue state, red state tax divide widens.

And new diet advice from the American Heart Association contradicts the government's recommendations on red meat and dairy.

It's Tuesday, March 31st.

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.

U.S.

gasoline prices have crossed the $4 a gallon mark, according to AAA, and are now up more than a dollar compared to a month ago.

That's after a Kuwaiti oil tanker was struck by a drone near Dubai overnight, an attack that market analysts say highlights the growing threats to key shipping routes.

It also comes as we report that President Trump has told aides that he's willing to end the war against Iran without reopening the Strait of Hormuz.

a mission that he and his aides have assessed would push the conflict beyond his timeline of four to six weeks.

Such an outcome could extend Tehran's grip on the waterway and leave the complex task of reopening it for a later date.

Our Lindsay Ellis asked White House Press Secretary Caroline Leavitt how the strait fits into President Trump's plans.

Defense Secretary Pete Henseth and Joint Chiefs Chairman General Dan Kaine are set to brief reporters at 8 a.m.

Eastern this morning, their first news conference on the war in almost two weeks.