US President Trump on Friday sent letters to Congress explaining that due to the ongoing ceasefire, he doesn't need 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 letters to Congress indicate a significant shift in the U.S.'s military posture concerning Iran, citing an ongoing ceasefire that allows him to operate without congressional approval. This development may ease immediate geopolitical tensions, affecting risk sentiment, particularly in commodities like oil, and influencing currency markets, especially the USD and JPY. Traders should stay alert to any emerging signals about the permanence of peace and its implications for broader regional stability.
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