U.S. Defense Secretary Pete Hegseth stated that President Donald Trump is not required to seek congressional approval to resume military strikes against Iran, despite the 60-day legal limit under federal law.
This comes as the ongoing conflict with Iran, now in its third month, continues to disrupt the Strait of Hormuz, a critical global oil shipping route.
The potential for renewed military action has added to market uncertainty, with energy traders closely monitoring developments.
The Strait of Hormuz has been a focal point of geopolitical risk, with Iran's control over the chokepoint contributing to rising oil prices.
The potential for renewed military action has added to market uncertainty, with energy traders closely monitoring developments.
Recent reports indicate that Trump has expressed dissatisfaction with Iran's latest peace plan, suggesting that diplomatic efforts to end the conflict remain stalled.
The administration's stance has raised concerns about further escalation, which could have for global trade and energy security.