Oil prices plunge following U.S.-Iran ceasefire
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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: It's the biggest one-day free fall in oil prices since the 1991 Gulf War.Driving the news: The global benchmark Brent crude futures price fell about 13% to about $95 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
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