Global Markets
House Limits Trump’s Iran War Powers: U.S. Middle East Strategy in Crisis
724FinanceDefne Aydın

The U.S. House of Representatives voted to block President Donald Trump from continuing the war with Iran without congressional approval. The 214-208 vote signals the administration’s struggle to secure funding for the prolonged conflict. Trump claimed Americans support the war despite economic costs, referencing a poll he misinterpreted. The Pentagon is seeking an additional $67 billion in funding for Middle East operations. The conflict has expanded geographically, with Iran-backed Houthis attacking Saudi ships in the Red Sea. The Senate is expected to vote on a similar measure later. These developments weaken U.S. strategic positioning in the region and increase energy security risks for the dollar.
The U.S. military campaign in Iran is escalating dependence on Middle East energy routes, raising energy security risks for the dollar and potentially impacting global oil prices.