Trump Says Iran Battle Over, Nasdaq Units Document Excessive, Bitcoin Climbs 2.5%

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Trump declared U.S.-Iran hostilities “terminated” on Could 1, bypassing the Warfare Powers Decision’s 60-day authorization deadline. Bitcoin climbed 2.52% close to $79,000 earlier right now, now at $78,311 per coin, because the Nasdaq hit a file above 25,000 on robust earnings and easing oil costs. Iran’s newest nuclear deal proposal, delivered through Pakistani mediators, was rejected by Trump, leaving negotiations unresolved. Warfare Powers Clock Reset: Trump Says U.S.-Iran Hostilities Are Over as Markets Rally Trump despatched a proper letter to Home Speaker Mike Johnson and Senate President professional tempore Chuck Grassley on Could 1, 2026, stating that the hostilities starting on Feb. 28, 2026, “have terminated.” The White Home used the declaration to argue that no new congressional authorization is required for the present U.S. army posture within the Center East.

The battle started when the USA, coordinating with Israeli strikes, launched army operations towards Iran in what some reviews referred to as “Operation Epic Fury.” The strikes focused Iranian nuclear amenities, missile applications, army infrastructure, and management websites. Iran retaliated and briefly threatened the Strait of Hormuz. Trump formally notified Congress of the hostilities on March 2, 2026, beginning the Warfare Powers clock.

A ceasefire took impact on April 7, 2026, and has since been prolonged. No direct exchanges of fireplace between U.S. and Iranian forces have occurred since. The U.S. has maintained a naval blockade to limit Iranian oil exports, whereas negotiations for a everlasting deal have continued by means of third-party mediators, together with Pakistan.

Trump informed reporters this week that Iran had delivered a brand new proposal however stated he was “not glad with it,” describing Iran’s management as “very disjointed” and “fractured.” He outlined two paths ahead: a negotiated deal or army escalation, including that he would “favor not” the latter “on a human foundation” however left the choice open. Trump additionally referred to as the Warfare Powers Decision “unconstitutional,” a place he has held beforehand.

Protection Secretary Pete Hegseth had previewed the authorized interpretation the day earlier than in Senate testimony, arguing the ceasefire successfully pauses the 60-day clock. A senior administration official stated: “For [War Powers Resolution] functions, the hostilities that started on Saturday, Feb. 28, have terminated.”

Democrats pushed again. Sen. Tim Kaine argued the U.S. naval blockade constitutes ongoing hostilities and that the interpretation stretches the legislation. Senate Republicans blocked Democratic efforts to power a vote on authorization. Congress adjourned with out performing.

Markets responded to the easing geopolitical alerts and a robust earnings season. The Nasdaq Composite closed at 25,114, up 222 factors and a file excessive. The S&P 500 gained 21 factors to shut at 7,230, whereas the Dow Jones Industrial Common slipped 153 factors to 49,499. Greater than 80% of S&P 500 corporations reporting this season beat earnings estimates. Oil costs pulled again, with Brent crude settling close to $108 per barrel and WTI close to $99.55, down roughly 2.6% on the day.

<img loading="lazy" decoding="async" class="wp-image-811036 size-full" title="Trump Says Iran Conflict Over, Nasdaq Sets Record High, Bitcoin Climbs 2.5%" src="https://static.news.bitcoin.com/wp-content/uploads/2026/05/ixic_2026-05-01_16-37-21_nwmk.png" alt="Trump Says Iran Conflict Over, Nasdaq Sets Record High, Bitcoin Climbs 2.5%" width="2252" height="1578" srcset="https://static.news.bitcoin.com/wp-content/uploads/2026/05/ixic_2026-05-01_16-37-21_nwmk-300x210.png 300w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/ixic_2026-05-01_16-37-21_nwmk-1024x718.png 1024w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/ixic_2026-05-01_16-37-21_nwmk-768x538.png 768w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/ixic_2026-05-01_16-37-21_nwmk-1536x1076.png 1536w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/ixic_2026-05-01_16-37-21_nwmk-2048x1435.png 2048w, https://static.news.bitcoin.com/wp-content/uploads/2026/05/ixic_2026-05-01_16-37-21_nwmk.png 2252w" sizes="auto, (max-width: 2252px) 100vw, 2252px"/> Nasdaq Composite on Could 1, 2026. Gold held within the $4,580 to $4,636 per ounce vary, reflecting persistent safe-haven demand tied to inflation issues and ongoing Center East uncertainty. Silver traded close to $72 to $75 per ounce. Each metals stay at traditionally elevated ranges.

Bitcoin stood at round $78,311, up 2.52% on the day at Wall Road’s shut, as broader risk-on sentiment lifted equities and crypto in tandem. Bitcoin’s market dominance held close to 60%. Ethereum gained 1.88% to $2,303. Different high performers within the 24-hour window included hyperliquid (HYPE), up 4.04%, and dogecoin (DOGE), up 2.96%. Many of the high 20 crypto belongings noticed beneficial properties.

The U.S. financial system grew at a 2.0% annualized fee in Q1 2026, rebounding from 0.5% progress in This fall 2025. Enterprise funding, shopper spending, and synthetic intelligence (AI)-related tailwinds supported the growth. The Federal Reserve held its goal fee regular at 3.50% to three.75%, citing elevated uncertainty from Center East developments and inflation operating above the two% goal. Trump has tied the battle’s full decision to decrease vitality prices, telling reporters that oil and fuel costs will “come tumbling down” as soon as the struggle concludes.

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The ceasefire stays intact however fragile. The U.S. naval blockade of Iranian oil exports continues, and Iran retains partial affect over the Strait of Hormuz. Negotiations are ongoing by cellphone. The transfer to declare hostilities terminated successfully resets the Warfare Powers clock with out ending the broader standoff, preserving flexibility for each renewed diplomacy and, if Trump chooses, future army motion.