"Trump sent a formal letter to House Speaker Mike Johnson and Senate President pro tempore Chuck Grassley on May 1, 2026, stating that the hostilities beginning on Feb. 28, 2026, have terminated. The White House used the declaration to argue that no new congressional authorization is required for the current U.S. military posture in the Middle East."
"The conflict began when the United States, coordinating with Israeli strikes, launched military operations against Iran in what some reports called Operation Epic Fury. The strikes targeted Iranian nuclear facilities, missile programs, military infrastructure, and leadership sites."
"A ceasefire took effect on April 7, 2026, and has since been extended. No direct exchanges of fire between U.S. and Iranian forces have occurred since. The U.S. has maintained a naval blockade to restrict Iranian oil exports."
On May 1, 2026, Trump announced the end of U.S. military hostilities with Iran, coinciding with the War Powers Resolution's 60-day deadline. This declaration allows for a clearer geopolitical signal for markets. Bitcoin rose 2.52% to nearly $79,000, while the Nasdaq reached a record above 25,000. The conflict began on February 28, 2026, with U.S. military operations against Iran, which included strikes on nuclear facilities. A ceasefire was established on April 7, 2026, and has been extended, with no direct exchanges of fire since.
Read at news.bitcoin.com
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