US House votes to limit Iran military action as oil hits $100

The US House of Representatives passed a resolution on Friday, 24 July, to restrict President Joe Biden’s authority to engage in military action against Iran without explicit congressional approval. The legislative move comes as global oil prices surged to $100 per barrel, driven by escalating regional tensions and supply security concerns in the Middle East. Congressional Oversight and Military Limits The resolution requires the administration to seek a formal declaration of war or specific statutory authorization before committing US armed forces to hostilities against Iran. Lawmakers sponsoring the bill cited the need to prevent an uncontrolled escalation that could further destabilize global energy markets. The vote follows a series of recent maritime incidents and retaliatory strikes that have heightened the risk of direct confrontation. Market Impact and Oil Prices Brent crude hit the $100 mark during Friday trading, a level not seen in several months. Market data indicates that the price spike is a direct response to the threat of disruptions in the Strait of Hormuz, a critical transit point for approximately 20% of the world's oil supply. Energy analysts at Goldman Sachs and Morgan Stanley had previously warned that sustained friction between Washington and Tehran could keep prices elevated through the third quarter of 2026. Regional Implications For UAE readers and the wider Gulf region, the legislative shift in Washington suggests a preference for diplomatic…