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Trump faces May 1 deadline on Iran War Powers Act
short by / on Wednesday, 29 April, 2026
Crude oil faces a pivotal test as Trump's May 1 War Powers deadline on Iran expires. The 60-day limit without congressional authorization risks escalation. Oil surged 50% as Hormuz remains blocked despite a ceasefire. Trump avoids the word "war" to bypass legal hurdles. ING raised its Brent price forecast to $104/barrel.
read more at Stocktwits