U.S. AGREES TO 2-WEEK CEASEFIRE WITH IRAN

The U.S. has agreed to a two-week ceasefire with Iran proposed by Pakistan, President Trump said Tuesday night. The big picture: The Pakistani proposal, which came hours before Trump's deadline to launch massive strikes if no deal was reached, involves a pause on Trump's threat and a commitment from Iran to open the Strait of Hormuz for two weeks.That two-week period would be used to negotiate a larger agreement to potentially end the war.Iran has not publicly confirmed its acceptance of the pla...