Iran and the U.S. Remain Far Apart Despite Cease-Fire Deal

P.M. Edition for April 8. The U.S.- Iran ceasefire is fragile, with divisions over the Strait of Hormuz and other key issues. WSJ national security reporter Shelby Holliday explains what’s at stake in the Middle East. Stocks rally and oil prices plunge after the ceasefire. WSJ markets reporter Hannah Erin Lang tells us about the latest TACO trade. Plus, economists are getting worse at forecasting one of the most important economic indicators. WSJ economics reporter Matt Grossman tells us what’s throwing off their models, and why it matters for investors. Imani Moise hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.