Wednesday's News Links

[CNBC] Dow surges 1,000 points as U.S.-Iran ceasefire sends oil tumbling: Live updates

[CNBC] Oil prices plunge below $95 after Iran agrees to safe passage through Strait of Hormuz during ceasefire

[Yahoo/Bloomberg] Global Bonds Jump as Ceasefire Sows Doubts Over Steep Rate Hikes

[Yahoo/Bloomberg] Gold Climbs After Trump Agrees to a Two-Week Ceasefire in Iran

[Yahoo/Bloomberg] Dollar Hits Four-Week Low as Ceasefire Dims Haven Appeal

[AP] Live updates: Attacks reported in Iran and Gulf Arab nations hours after ceasefire announcement

[AP] Israel strikes central Beirut without warning after saying Iran ceasefire doesn’t apply there

[Reuters] What the US, Iran, Israel and Pakistan have said about the ceasefire

[Axios] Large-scale resumption of oil shipping isn't guaranteed

[Axios] Exclusive: How Iran's supreme leader reached a truce with Trump

[Reuters] Moody's cuts outlook on Blue Owl fund to 'negative' over surge in redemption requests

[Yahoo/Bloomberg] Macro Traders Lost Most in March as War Squeezes Hedge Funds

[Yahoo/LAT] AI boom catapults San Francisco median home price above $2 million

[Axios] NATO chief heads to Washington as Trump 2.0 flames the alliance

[Bloomberg] Saudi Arabia’s Crucial East-West Pipeline Hit by Drone Attack

[Bloomberg] Hormuz Stays Blocked for Now as Hundreds of Ships Seek Escape

[Bloomberg] The US and Iran Have Blueprints for a Hormuz Deal

[Bloomberg] Booming Hedge-Fund Options Trade Suffers Worst Month in Decade

[Bloomberg] Trump’s Iran War Leaves the US Looking Weakened to Adversaries

[Bloomberg] Taiwan’s Foreign Reserves Drop Most Since 2011 on Intervention

[NYT] Trump Finds His Offramp With Iran. But the Causes of War Remain Unresolved.

[NYT] Why You Can’t ‘Flick a Switch’ to Get Oil and Gas Flowing Out of the Persian Gulf

[NYT] To Boost Military Budget, Trump Targets Popular Programs at Home

[WSJ] Insurers’ $1 Trillion Buildup in Private Credit Is Leaving Regulators in the Dust

[WSJ] The Iran War Is Hitting California Harder Than Any Other State

[FT] Iran demands crypto fees for ships passing Hormuz during ceasefire

[FT] ‘There are no winners’: US and Iran enter into fragile truce

[FT] Israel launches massive strikes on central Beirut after Iran ceasefire

[FT] Hedge funds suffered worst losses since Covid in Iran war turmoil

[FT] How private equity became hooked on second-hand deals