Oil prices plunge following U.S.-Iran ceasefire

Crude oil prices dropped sharply Tuesday evening, falling well under $100 per barrel after President Trump said the U.S. agreed to a two-week ceasefire with Iran that Pakistan had proposed.Why it matters: The agreement is subject to Iran to allowing "complete" reopening of the Strait of Hormuz, Trump said.The de facto closure of the waterway — which handles about a fourth of the world's seaborne oil trade — has brought the largest disruption in oil market history.Driving the news: The global ben...