House Voted 215-208 to End Iran War as US Oil Hit Its Lowest Since 2004

Key Takeaways

• The House voted 215-208 to strip Trump of Iran war powers, with four Republicans breaking ranks in the first successful House vote since the war began
• US oil stockpiles hit their lowest since 2004 as Hormuz traffic collapsed from 138 tankers per day before the war to just 1.3 per day
• Three oil executives called $150-160 as Saudi Aramco CEO Amin Nasser warned normalization could stretch into 2027 if Hormuz stays closed

The House of Representatives voted 215-208 in favor of a resolution directing President Donald Trump to end the US’ involvement in the Iran war. This marked the first successful congressional vote on the issue since the conflict began. While the measure is unlikely to become law, it comes as lawmakers face growing pressure from the economic fallout of the war. US oil inventories have fallen to their lowest level in more than two decades. Meanwhile, disruptions in the Strait of Hormuz continue to weigh on global energy markets.

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Hormuz Fell From 138 to 1.3 Tankers Per Day and Saudi Aramco Warns of 2027

The resolution passed with support from four Republicans, namely Tom Barrett of Michigan, Warren Davidson of Ohio, Brian Fitzpatrick of Pennsylvania, and Thomas Massie of Kentucky. The vote represents a rare challenge to Trump’s war powers from members of his own party. It should be noted that the measure still faces significant hurdles in the Senate. The House also advanced an $8 billion Ukraine aid package on the same day.

Following the vote, House Foreign Affairs ranking Democrat Gregory Meeks said,

“Congress has followed the Constitution today — Democrats and Republicans said enough is enough. It is time to end this war. It is time for the president to tell the American people why we entered this war.”

Beyond Washington, attention remains focused on energy markets. US crude and petroleum inventories fell by 10.6 million barrels last week to 1.57 billion barrels. This is the lowest level since 2004, according to recent data. The decline comes as governments continue releasing reserves and supply disruptions linked to the conflict persist.

Traffic through the Strait of Hormuz’s oil corridor has also slowed sharply. Before the war, tanker traffic averaged roughly 138 transits per day. Recent figures show that the number has fallen to near one vessel per day in some periods.

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Oil Market Recovery May Take Time

Saudi Aramco CEO Amin Nasser said this week that even if shipping conditions improve soon, restoring normal flows across global energy markets could take months. He warned that prolonged disruption could extend the adjustment period further. He added,

“If the Strait of Hormuz opens today, it will still take months for the market to rebalance, and if its opening is delayed by a few more weeks, then normalization will last into 2027.”

Analysts are watching inventory levels, tanker movements, and supply routes more closely than daily price swings. The price of oil today continues to trade below $100, but the broader concern is whether enough supply can reach markets if shipping disruptions continue through the summer.

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