Trump Stops Fighting with Iran; Markets Soar
On May 1, President Trump informed Congress that "hostilities have come to an end" with Iran, thus resetting the War Powers timeline. The stock market and cryptos rose as tensions decreased.
War Powers Reset
^ Trump: Hostilities from February 28 ended; new authorization is unnecessary
^ Review: U.S./Israeli attack on Iranian nuclear facilities dubbed “Operation Epic Fury.” Iran struck back and vowed action on Hormuz Straight
^ Ceasefire began April 7; naval blockage on Iranian oil persists
^ Iran proposal through Pakistan rejected. Trump would rather do a deal but reserves military actions. Senator Kaine says blockade is hostilities
Markets Rally
* Nasdaq record 25,114 +222. S&P 500 +21 to 7,230. Dow -153 to 49,499. 80%+ of S&P 500 beat earnings
* Oil: Brent ∼$108, WTI ∼$99.55, down 2.6%
* Gold $4,580–$4,636/oz, silver $72–$75/oz
* BTC $78,311 +2.52%, ETH $2,303 +1.88%. Most top-20 coins green
Macro
^ U.S. Q1 GDP +2.0% vs 0.5% Q4 2025
^ Fed held rates 3.50%–3.75% on Middle East risk, inflation >2%
^ Ceasefire fragile. Blockade ongoing. Trump ties resolution to lower energy costs
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