Trump Impeachment Hits Markets; Dow Rises 309 Points Amid Iran Strikes

- Representative Al Green filed an impeachment article against President Trump regarding unauthorized airstrikes in Iran. - US markets opened positively despite political turmoil, while Trump-linked stocks and meme tokens surged. On June 24, 2025, Click2Houston reported that Rep. Al Green (D-Texas) filed an impeachment article against President Donald Trump. Green accused the president of bypassing Congress and abusing his authority by ordering U.S. airstrikes on three Iranian nuclear facilities without seeking approval from lawmakers. Green claimed this action violated Article I of the U.S. Constitution, which grants Congress the sole power to declare war. The White House defended President Trump's decision. Concurrently, on June 24, some reports described the strikes as a crucial step toward world peace and safety. President Trump announced a ceasefire between Iran and Israel, and he defended the airstrikes as a move to de-escalate tensions in the Middle East. Despite the political uncertainty, US markets opened positively on Tuesday. The Dow Jones Industrial Average rose by 309 points (0.7%), the S&P 500 gained 0.7%, and the Nasdaq Composite increased by 1%. Analysts attribute this positive market performance to investor optimism about the Middle East ceasefire. Shares of Trump Media & Technology Group Corp (DJT) climbed 2% amid the news. Additionally, two pro-Trump meme tokens, "Official Trump" (TRUMP) and "Official Melania Meme" (MELANIA), reportedly rose about 5% over the past 24 hours. This surge reflects heightened interest and trading activity linked to political developments. Meanwhile, oil prices fell sharply for the second consecutive day due to hopes for a ceasefire in the Middle East. US crude oil prices dropped more than 5% on Tuesday, following a 7% plunge the previous day. Similarly, Brent crude prices fell over 4%, reaching a two-week low. On June 24, Sky News and other outlets reported these figures concerning the oil price drops. Later that day, the House voted to table Green's impeachment measure by a vote of 344 to 79, with over 100 Democrats joining Republicans in opposition. This vote highlighted a significant division within the Democratic Party regarding the impeachment effort. Data from Kraken and CoinGecko on June 24 indicated that as of 21:18 UTC, Official Trump (TRUMP) was trading at $9.218, showing a 2.4% change, while Official Melania Meme (MELANIA) was trading at $0.213, reflecting a -1.538% change.