{"id":65290,"date":"2026-07-23T13:38:17","date_gmt":"2026-07-23T17:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/iran-rejects-ceasefire-as-war-powers-resolutions-split-u-s-congress\/65290\/"},"modified":"2026-07-23T13:38:17","modified_gmt":"2026-07-23T17:38:17","slug":"iran-rejects-ceasefire-as-war-powers-resolutions-split-u-s-congress","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/iran-rejects-ceasefire-as-war-powers-resolutions-split-u-s-congress\/65290\/","title":{"rendered":"Iran Rejects Ceasefire as War Powers Resolutions Split U.S. Congress"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Iran has officially rejected a 10-day ceasefire proposal<\/strong> aimed at opening negotiations over the <strong>Strait of Hormuz<\/strong>, effectively blocking current diplomatic tracks.<\/li>\n<li><strong>The U.S. Senate voted 47-49<\/strong>, failing to advance a <strong>War Powers Resolution<\/strong> that would have forced President <strong>Donald Trump<\/strong> to end hostilities in Iran.<\/li>\n<li><strong>U.S. 10-Year TIPS yields surged to 2.438%<\/strong> in a $20.8 billion auction, reflecting heightened inflation fears as regional conflict drives <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> toward <strong>$90 per barrel<\/strong>.<\/li>\n<li><strong>Kuwait\u2019s largest power and water desalination plant<\/strong> was struck by a fire following Iranian attacks, threatening 90% of the nation&#39;s drinking water supply.<\/li>\n<li><strong>The U.S. House of Representatives passed a separate war powers measure (214-208)<\/strong>, highlighting a deepening partisan divide over the ongoing military campaign.<\/li>\n<\/ul>\n<h2>Diplomatic Gridlock and Escalating Hostilities<\/h2>\n<p>Diplomatic efforts to de-escalate the conflict between the <strong>United States<\/strong> and <strong>Iran<\/strong> reached a standstill on Thursday. Sources report that Tehran has refused to &quot;improve&quot; or accept a 10-day ceasefire proposal originally intended to facilitate discussions regarding the <strong>Strait of Hormuz<\/strong>. This rejection has led U.S. officials to conclude that the diplomatic track is currently blocked, even as <strong>U.S. Central Command (CENTCOM)<\/strong> continues its 12th consecutive day of airstrikes against Iranian targets.<\/p>\n<p>The regional fallout has expanded beyond the immediate combatants, with <strong>Kuwait<\/strong> reporting a significant fire at its primary power generation and water desalination facility. The <strong>Kuwaiti Ministry of Electricity, Water and Renewable Energy<\/strong> confirmed the incident followed Iranian strikes, prompting the activation of emergency plans. This attack on critical infrastructure has raised alarms over water security, as the facility is responsible for nearly <strong>90% of Kuwait&#39;s drinking water<\/strong>.<\/p>\n<h2>Congressional Divide Over War Powers<\/h2>\n<p>In Washington, lawmakers remain sharply divided over the executive branch&#39;s authority to continue the war. The <strong>U.S. Senate<\/strong> narrowly killed a joint resolution under the <strong>War Powers Act<\/strong> in a <strong>47-49 vote<\/strong>, failing to reach the threshold needed to force an end to hostilities. While Senator <strong>Susan Collins<\/strong> joined Democrats in support of the measure, the effort was stymied by the absence of other key Republicans and the opposition of Senator <strong>John Fetterman (\/stock\/POLITICS)<\/strong>.<\/p>\n<p>Conversely, the <strong>House of Representatives<\/strong> successfully passed its own version of the resolution in a <strong>214-208 vote<\/strong>. Led by Representative <strong>Pramila Jayapal<\/strong>, the measure saw four Republicans defect from their party to support the withdrawal of U.S. forces. Despite the House victory, the conflicting results in the Senate ensure that President <strong>Donald Trump<\/strong> maintains his current military trajectory without immediate legislative restraint.<\/p>\n<h2>Market Impact and Inflationary Pressure<\/h2>\n<p>Financial markets are reacting to the prolonged instability with increasing volatility. The <strong>U.S. Treasury<\/strong> auctioned <strong>$20.8 billion in 10-year Treasury Inflation-Protected Securities (TIPS)<\/strong> at a high yield of <strong>2.438%<\/strong>, significantly higher than the previous <strong>2.169%<\/strong>. The bid-to-cover ratio dropped to <strong>2.30<\/strong>, signaling softer demand as investors grapple with real yields reaching their highest levels in nearly two decades.<\/p>\n<p>The surge in TIPS yields is closely tied to energy markets, where <strong>WTI Crude<\/strong> has topped <strong>$90 per barrel<\/strong> due to the restricted traffic in the <strong>Strait of Hormuz<\/strong>. Market analysts suggest that the 94% drop in shipping traffic through the strait is fueling global inflation expectations. In the tech sector, investors are also monitoring <strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong>, which is scheduled to report Q2 2026 earnings today amid the broader macroeconomic uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iran has officially rejected a 10-day ceasefire proposal aimed at opening negotiations over the Strait of Hormuz, effectively 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