BlockBeats News, July 10th - According to Politico, Trump has declared an end to the ceasefire due to Iran's continued attacks on ships in the Strait of Hormuz. Subsequently, the U.S. military has struck at least 170 military targets in Iran within 48 hours, leading to an Iranian counterattack on a U.S. military base. Some Republican lawmakers are concerned that the escalation of the conflict will raise oil prices, worsen economic pressures, and impact this year's midterm elections. One Republican member of the House of Representatives bluntly stated, "He is leading us to political destruction." The lawmaker believes that Trump is more focused on the Iran issue than on the Republican Party's electoral prospects.

Republican hawks support continuing military action. Representative Don Bacon stated that the U.S. should maintain a tough response to Iran until it seeks peace. However, some Republicans warn that rising oil prices could erode voter support, making it difficult for the Republican Party to address the public's top concern of prices. Meanwhile, Congress is also demanding the government to explain the plan for the use of the $670 billion war supplemental funding. (FXStreet)