House Republicans shut down an Iran war powers resolution on April 10 before Maryland Democrat Glenn Ivey could propose limiting President Trump’s authority. The resolution would have forced a vote to limit Trump’s ability to continue the conflict with Iran. Democrats argue for congressional authorization, while Republicans oppose limiting presidential war powers during negotiations. Congress reconvenes on April 13, with Democrats expected to renew their push on the resolution. Markets are watching for a durable agreement in Islamabad talks before Congress reconvenes, as any breakdown could impact oil and crypto markets.

Leave a Reply