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

Tuesday Evening Links

[CNBC] Dow futures jump 900 points, oil tumbles after Trump suspends Iran attacks for two weeks: Live updates

[CNBC] U.S. oil price plunges below $100 after Iran agrees to safe passage through Strait of Hormuz during ceasefire

[Axios] U.S. AND IRAN AGREE TO 2-WEEK CEASEFIRE

[AP] Live updates: US, Iran say they have agreed to a two-week ceasefire

[AP] US stocks swing from losses to a tiny gain as uncertainty builds ahead of Trump’s deadline for Iran

[Reuters] Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens 

[Axios] Pakistan proposes 2-week Iran ceasefire ahead of Trump deadline

[AP] Live updates: Pakistan urges a two-week ceasefire as Trump threatens to destroy Iranian ‘civilization’

[Reuters] Fuel prices could keep rising for months even if Hormuz reopens, US EIA says

[Axios] Trump's Iran threats raise moral stakes for military members

[AP] American journalist Shelly Kittleson has been released, Iraqi officials tell the AP

[AP] Russia and China veto watered-down UN resolution aimed at reopening the Strait of Hormuz

[Bloomberg] Macro Traders Slump Most in March as War Squeezes Hedge Funds

[NYT] Swan and Haberman: How Trump Took the U.S. to War With Iran

[WSJ] Hopes Fade for Deal With Iran Ahead of Tuesday-Night Deadline

Tuesday Afternoon Links

[CNBC] Stocks slide, oil gains as Trump’s Iran deadline approaches: Live updates

[Yahoo/Bloomberg] Oil Edges Higher in Choppy Trading Before Trump’s Iran Deadline

[AP] Live Updates: US-Israeli strikes hit Iran’s oil, rail and bridges ahead of Trump deadline

[AP] Iranians fear power outages and further attacks as Trump’s deadline nears

[Yahoo/Reuters] Goolsbee says stagflationary shock of Iran war puts Fed in a bind

[CNBC] Trump praises Hungary PM Viktor Orbán after Vance calls him at Budapest rally

[Axios] Trump removal chatter erupts among Dems over Iran post

[Bloomberg] Private Credit Exodus Turns Moody’s BDC Outlook to Negative

[Bloomberg] Private-Credit Worry Sparks Slide in Booming Part of Muni Market

[WSJ] Why More People Are Dropping Out of the Job Market

[FT] The war to break Iran’s economy

[FT] IMF warns of emerging markets’ exposure to ‘flighty’ hedge funds

[FT] Hedge funds make record bets against European stocks