.jpg)
1 hour ago
3
Article content
(Bloomberg) — The Republican-led Senate voted to end the US war with Iran, breaking with President Donald Trump on an unpopular foreign conflict that has raised Americans’ cost of living, roiled markets and caused global economic fallout.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The practical impact of the 50-48 vote Tuesday is unclear, since the president has reached an interim peace deal with Iran and the resolution invokes a legally controversial congressional authority stemming from the 1973 War Powers Act.
Article content
Article content
Article content
Republican Senators Lisa Murkowski of Alaska, Bill Cassidy of Louisiana, Susan Collins of Maine and Rand Paul of Kentucky voted with Democrats for the measure. Pennsylvania Democrat John Fetterman opposed it.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The resolution, already approved by the House, requires the US to cease hostilities against Iran unless Congress votes to authorize further attacks. The 1973 law doesn’t allow the president to veto the resolution.
Article content
Any effort to enforce that restriction on the president would likely face legal challenges. Still, the congressional vote clearly signals to a global audience that the president lacks domestic backing for continuing the conflict.
Article content
Americans overwhelmingly oppose the war, with 69% saying it was not worth the cost in a CBS News poll released Sunday. An even larger 78% said the US should end the conflict “now.”
Article content
The national average price for regular gasoline soared as high as $4.56 a gallon as Iran moved to restrict shipping through the Strait of Hormuz and is still running almost dollar a gallon higher than on the eve of the war, according to the American Automobile Association.
Article content
Americans have paid roughly $62 billion more for gasoline and diesel, or about $460 per household, since the conflict began as a result of higher prices at the pump, according to the Iran War Energy Cost Tracker from Brown University.
Article content
The overall inflation rate climbed to 4.2% in May, the highest level since early 2023.
Article content
—With assistance from Steven T. Dennis.
Article content
English (US)