The US-Iran war, which began on February 28, has reached its 60-day limit under the War Powers Resolution. The resolution allows military operations to continue for 60 days without congressional approval, but a 30-day extension is only possible if the president sends Congress written certification that more time is needed to ensure the safe withdrawal of US forces.
No such action has been taken by the Trump administration, and Republicans have maintained tacit support for the war with Iran. Democratic resolutions aimed at limiting the president's authority in the conflict were all rejected after Republicans opposed them.
The review of Iran's proposal to delay nuclear talks and keep the Strait of Hormuz open may indicate a continued interest in maintaining military presence in the region. A stronger dollar and rising interest rates, however, may put pressure on the crypto market due to increased geopolitical risks, according to forecasters.