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A senior White House official confirmed that the truce with Iran formally ended hostilities, with the administration specifically using the term 'terminated' to coincide with the legal deadline under the War Powers Act. This strategic move on the 60th day aims to satisfy procedural mandates and bypass potential legislative deadlocks over military authority. While the filing faces Republican opposition regarding Congressional oversight, it provides essential legal clarity for the current ceasefire. Parallel to these geopolitical shifts, UK house prices recorded an increase in April according to Nationwide data, adding a positive economic signal to the broader market sentiment. Global investors continue to monitor these dual developments as they impact both Middle East risk assessments and European economic outlooks.
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