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60 days limit by end of Apr and 30 days extension to end of May based on US Federal law - The War Powers Resolution requires the president to notify Congress within 48 hours of committing armed forces to military action and forbids armed forces from remaining for more than 60 days, with a further 30-day withdrawal period, without congressional authorization for use of military force (AUMF) or a declaration of war by the United States.
Unlikely for congress to give a green light. Everything is likely to be cooled down these 2 days follow by a peace talk. Hormuz stability first, then nuclear restrictions next.
Strait of Hormuz current status is like bollinger band squeezing. Imagine all the oil inventories got stuck jamming up. Airlines stocks will suffer near term including reporting losses but will be back to norm eventually with fares hike, surcharge and some countries considering jet fuel reserves requirements. Market will rejoice when the floodgate is opened.
