Donald Trump: Trump admin claims Iran ceasefire ‘terminated’ hostilities ahead of US-Congress 60-day deadline

The Trump administration asserts the U.S. is not at war with Iran, despite approaching the War Powers Resolution’s 60-day deadline. House Speaker Mike Johnson echoed this, stating no congressional authorization is needed as active hostilities have ceased. This stance, however, faces challenges from Democrats who argue the deadline remains binding. US President Donald Trump‘s administration…

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Oil prices ease after rally as UAE exits OPEC; Iran conflict, Hormuz blockade keep supply concerns high

Gasoline inventories fell by 8.47 million barrels, while distillate inventories fell by ​2.60 million barrels. File | Photo Credit: Getty Images/iStockphoto Oil prices eased on Wednesday (April 29, 2026) from a multi-day ​rally as investors digested the ramifications of the United Arab ⁠Emirates‘ surprise decision to quit OPEC, though supply disruptions from the stalemated Iran…

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