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“One Senate vote may have just changed the next few months for oil, inflation and markets ⚠️”
Are traders underestimating this completely?
One vote. The Iran war continues without congressional authorization.
Senate voted 49 to 50 to block the War Powers Resolution today.
This is the sixth attempt since February 28. Six failures.
Here is what nobody is saying.
The 60 day legal deadline passed on May 1. Twelve days ago. The war is now operating outside its legal authorization window.
Susan Collins broke with Republicans for the first time. Rand Paul crossed over too. Still one vote short.
John Fetterman was the only Democrat who voted to keep the war going.
Trump is in Beijing right now. One vote at home just kept an unauthorized war alive while he negotiates with Xi.
Oil still above $100.
Source: TIME Magazine, The Hill, Congress. gov
Rest. #DYOR