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May 01, 2026
Trump rejects Iran's latest peace proposal as War Powers deadline forces White House to declare hostilities 'terminated,' while Hormuz blockade keeps global oil supply at near-standstill
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May 01, 2026Trump rejects Iran's latest peace proposal as War Powers deadline forces White House to declare hostilities 'terminated,' while Hormuz blockade keeps global oil supply at near-standstill→Apr 30, 2026War Powers 60-day deadline expires as Congress still hasn't voted to authorize the US-Iran war, while the Strait of Hormuz blockade strands ~2,000 ships and sends Brent crude above $110.→Apr 28, 2026Secretary of State Rubio rejects Iran's Hormuz-first peace proposal as unacceptable, prolonging the 60-day US-Iran war and keeping global oil markets on edge at $105/barrel.→Apr 27, 2026Iran vows the Strait of Hormuz will never return to its pre-war state as new peace proposal stalls, sending Brent crude surging past $107 and deepening the worst oil supply crisis in history.→