US President Trump on Friday sent letters to Congress explaining taht due to the ongoing ceasefire, he doesn't its authorisation for ongoing military operations in Iran, NBC reports
- "On April 7, 2026, I ordered a two-week ceasefire. The ceasefire has since been extended. There has been no exchange of fire between the United States Forces and Iran since April 7, 2026. The hostilities that began on February 28, 2026, have terminated," Trump wrote in the letters, one of which went to the House and one of which went to the Senate.
- "Despite the success of United States operations against the Iranian regime and continued efforts to secure a lasting peace, the threat posed by Iran to the United States and our Armed Forces remains significant," the president added in the letter, promising to keep congressional leaders updated on further developments in Iran.
- "I have and will continue to direct United States Armed Forces consistent with my responsibilities and pursuant to my constitutional authority to conduct United States foreign relations and as Commander in Chief and Chief Executive," the president wrote in his letter.
Context
President Trump's assertion that he does not require Congressional authorization for ongoing military operations in Iran, due to a declared ceasefire, suggests a strategic shift in U.S. foreign policy towards Iran. This development may alleviate short-term tensions in the region, potentially impacting energy prices and risk sentiment, as markets often react to geopolitical stability or instability.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#ASIA#EUROPE#IMPORTANT#FOREX#EQUITIES#ENERGY#US SESSION#DOW JONES INDUSTRIAL AVERAGE#WTI#COMMODITIES#GOLD#S&P 500 INDEX#NASDAQ 100 INDEX#BRENT CRUDE#DXY#TRUMP