Trump Announces Israel and Lebanon Ceasefire, But Oil Crisis Deepens

The US House of Representatives rejected a War Powers Resolution on Iran by a 213-214 vote today, preserving President Donald Trump’s authority to continue military operations.

The narrow defeat came as Trump simultaneously announced a 10-day ceasefire between Israel and Lebanon, positioning himself as a peacemaker even as Congress debated constraints on his war powers.

War Powers Vote Falls One Short

Rep. Gregory Meeks (D-NY) introduced H.Con.Res. 40 to force the withdrawal of US Armed Forces from hostilities with Iran without explicit congressional authorization. The measure failed along largely partisan lines.

Rep. Jared Golden (D-ME) was the lone Democrat to vote against the resolution, siding with Republicans. Meanwhile, Rep. Thomas Massie (R-KY), a frequent critic of expansive executive war powers, crossed party lines to support it. Rep. Warren Davidson (R-OH) voted “present.”

The Senate rejected a similar resolution 47-52 a day earlier. Democrats have now forced at least four such votes in both chambers since the Iran conflict began in late February, all failing along partisan lines.

Trump Announces Israel-Lebanon Ceasefire

Hours before the vote, Trump announced that Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun had agreed to a 10-day ceasefire starting at 5 p.m. EST.

The deal followed the first direct talks between the two countries in 34 years, held in Washington with Secretary of State Marco Rubio.

Trump said he would invite both leaders to the White House for what he called the first meaningful talks between Israel and Lebanon since 1983.

European Commission President Ursula von der Leyen welcomed the truce, urging “a path to permanent peace” and full respect of Lebanon’s sovereignty.

Energy Crisis Deepens Alongside Conflict

The International Energy Agency warned that Europe holds just six weeks of jet fuel supply as the Iran conflict disrupts global energy flows.

IEA Executive Director Fatih Birol described the situation as the largest energy crisis the agency has ever tracked.

Dutch airline KLM has already cancelled 80 flights over the next month due to rising fuel costs. Jet fuel prices across Europe have surged by over 100% since the war began.

Gulf and European officials now estimate the U.S. may need six months to reach a deal with Iran, suggesting the energy shock could extend well into summer.

Whether the Israel-Lebanon ceasefire eases broader regional tensions or simply shifts attention remains the open question for markets.

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