The White House races to contain Israel's deadly war in Lebanon ahead of peace talks with Iran.

Plus, President Trump sends mixed messages about a potential toll on oil tankers in the Strait of Hormuz.

The oil price might go up by between 5 and 40 cents per barrel as a result of a $1 or $2 charge. If you think that because of these problems in the Strait of Famuz, the oil price has risen $30, $40, $50 a barrel, that's peanuts. It's affordable for the global economy. And what's at stake for mega in this weekend's election in Hungary? It's Friday, April 10th. I'm Daniel Bach for the Wall Street Journal, filling in for

Luke Vargas, and here's the AM edition of What's News. The top headlines and business stories

moving your world today. The Trump administration is racing to contain Israel's expanding war

in Lebanon as the U.S. prepares for high-stakes talks with Iran this weekend.

In a video statement addressing Israelis, Prime Minister Benjamin Netanyahu said direct negotiations

with Lebanon would begin toward a lasting peace and disarming Iran-backed Hezbollah militants.

But he also said Israel would continue striking Lebanon

with the full force of its military until security is restored in northern Israel. That message came

after a phone call with President Trump yesterday. A U.S. official told the journal Trump was concerned

that the fighting could undermine the ceasefire and efforts to reopen the Strait of Hormuz.

Meanwhile, President Trump has warned Iran against collecting tolls from ships transiting the vital waterway,

while also suggesting tolls could be a joint venture between Iran and the U.S.

Tehran has said it is charging some ships $2 million. Only eight ships carrying Iranian cargoes got

through yesterday, before the war, it was about 135 each day. And while consumers have been

feeling the effects of the straits closure, Global economics correspondent Tom Fairless says

a toll wouldn't have as broad an impact. If this

arrangement, this toll booth in the Strait of Formuz were to be institutionalized and Iran was

allowed to do this, say charge one or two dollars per barrel of oil flowing through, economists

say most of the burden would actually be taken by the Gulf states. And the reason is essentially that it's a global

oil market. And the Gulf producers, once they paid their toll, they need to go and compete in the

...