U.S. President Donald Trump has threatened to strike Iran's power plants and bridges if the Strait of Hormuz is not reopened to all marine traffic by Tuesday. This comes as his deadline for Iran to reopen the strait is set to end. The continued blockade has led to a surge in oil prices. Meanwhile, the Senate Banking Committee will hold a hearing for Kevin Warsh, who is backed by the Trump administration to be the next chair of the Federal Reserve. AI start-ups are developing tools to address rising product returns and reduce the chances of product being returned to a store.