Derek Walbank

This is an escalation in hostilities.

You've seen this go and reflect in the immediate commodities markets.

So you're seeing an instant sort of impact there.

I think everyone is kind of watching to see what happens here.

Is there a way to get a deal signed that reopens that critical energy waterway that brings the hostilities down?

But this is certainly going in the wrong direction if you're looking for that.

Now we're into this new phase and you're seeing here

a move from the United States really resisting the idea of escalating further.

Washington has been very clear that even though there have been provocations that they say from Iran,

Iran continues to block the Strait of Hormuz, continues to go do all the things it has been doing.

The United States is clear that the ceasefire has not been broken.

They're still sort of moving on there.

These votes sort of represent an increase in political pressure on the president to change course just months before the midterm elections.

They also, though, represent a big difficulty for some swing district Republicans whose districts may be heavily affected by tariffs.

but who have to face a very real question about whether or not they want to cross the president on his signature issue.

These votes sort of represent an increase in political pressure on the president to change course just months before the midterm elections.

They also, though, represent a big difficulty for some swing district Republicans whose districts may be heavily affected by tariffs.

but who have to face a very real question about whether or not they want to cross the president on his signature issue.

These votes sort of represent an increase in political pressure on the president to change course just months before the midterm elections.

They also, though, represent a big difficulty for some swing district Republicans whose districts may be heavily affected by tariffs.