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Trump Issues Letter Rejecting Congressional Oversight For War, Citing Ceasefire Has 'Terminated' Hostilities
Trump Issues Letter Rejecting Congressional Oversight For War, Citing Ceasefire Has 'Terminated' Hostilities
Summary
Trump submits letter to Congress at 60-day mark: ceasefire 'terminated' hostilities & so doesn't need authorization, he argues.
US Treasury goes after Hormuz payment fees, sanctioning three Iranian foreign currency exchange houses. Bessent issues pressure points against Iranian 'rats'.
White House officials argue the current absence of fighting between Iranian & US forces means the 60-day timeline for Congressional approval (or US forces must leave) doesn't apply due to the ceasefire.
Trump on Friday rejects Iran's latest revised proposal to...
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May 7, 2026 / Tyler Durden
Saudi Arabia Vs UAE
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By Benjamin Picton, Senior Market Strategist at Rabobank
The Little Red Hen
Markets are bulled-up this morning on prospects for peace in the Iran war. The S&P500 and NASDAQ closed at fresh all-time highs and Brent crude prices closed 7.8% lower at $101.27/bbl. While some analysts are understandably wary of another Axios report touting progress in Middle East relations (and therefore lower oil prices!), markets are clearly not in a mood to look a gift horse in the mouth.
Iranian foreign ministry spokesman Ismail Baghieri told news sources that...
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Apr 6, 2026 / Tyler Durden
Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN
Iraq Tells Buyers To Collect Crude Which Can Now Cross Hormuz, While US Boosts Ship Reinsurance Guarantees To $40BN
Over the long weekend, we reported that with traffic across the Hormuz strait continuing to rise, and reaching the highest since the war began, one particularly favorable development was Iran's permission for Iraqi ships to use the Strait. We also noted that this declaration had the potential to unleash as much as 3 million barrels a day of Iraqi oil cargoes.
That said, there was the caveat that it was not immediately clear...
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May 13, 2026 / Tyler Durden
Imminent Supreme Court Rulings To Watch For
Imminent Supreme Court Rulings To Watch For
Authored by Sam Dorman via The Epoch Times (emphasis ours),
Birthright citizenship, girls sports, the definition of Election Day, and other hot-button topics are on the line in upcoming Supreme Court decisions.
Illustration by The Epoch Times, Madalina Kilroy/The Epoch Times
The court’s 2025–2026 term is expected to end in June with a series of rulings that could impact social issues and President Donald Trump’s agenda.
The last scheduled oral argument was held on April 29; the justices considered whether Trump wrongfully terminated deportation protections for thousands...
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