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AXIOS (Ben Geman) - 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 benchmark Brent crude futures price fell roughly 16% to about $93 a barrel. But it's still far above the roughly $73 mark right before the war began at the end of February. - WTI, the U.S. benchmark, was down about 19% to about $92 a…

NYTIMES (Alan Feuer and Michael S. Schmidt) - DOJ’s Civil Rights Division Investigates Cassidy Hutchinson, Who Testified Against Trump

It was a highly unusual move by Justice Department leadership to direct a case that appears to involve accusations of lying to Congress to a division that normally focuses on civil rights abuses.

NYTIMES (David E. Sanger) - Trump Backs Down, but Questions Remain About Iran’s Concessions and the Strait

President Trump had been under increasing pressure to find a way out after he threatened to wipe out Iran’s civilization on Tuesday night unless Iran reopened the Strait of Hormuz.

AXIOS (Barak Ravid) - U.S.-Iran peace talks expected Friday in Pakistan, sources say

A first round of negotiations between the United States and Iran on an agreement to end the war is planned to take place in Islamabad on Friday, according to two sources familiar with the matter. The big picture: Those would be the first in-person negotiations since the war began. - President Trump announced Tuesday that the U.S. had agreed to a two-week ceasefire, during which time the sides are expected to negotiate on a full peace deal. - Neither the U.S. nor Iran have confirmed the plans for in-person talks.

NPR (Deepa Shivaram) - In a stark reversal, President Trump announces two-week ceasefire with Iran

President Trump has announced a two-week ceasefire with Iran, contingent on their opening of the Strait of Hormuz. In an earlier online post, he had threatened "a whole civilization will die tonight."