Iran live updates: Trump tells Congress hostilities 'have terminated'

President Donald Trump has sent letters alerting Congress that he "will continue to direct United States Armed Forces consistent with my responsibilities and pursuant to my constitutional authority to conduct United States foreign relations and as Commander in Chief and Chief Executive."

Despite facing the 60-day deadline under the War Powers Act, the president is not asking Congress for authorization, rather providing an update to the posture of U.S. forces in the region.

Echoing Defense Secretary Peter Hegseth, the president noted that he ordered a two-week ceasefire on April 7 that has since been extended.

"On April 7, 2026, I ordered a 2-week ceasefire. The ceasefire has since been extended," Trump wrote. "There has been no exchange of fire between United States Forces and Iran since April 7, 2026. The hostilities that began on February 28, 2026, have terminated."

Trump also stressed that he ordered Operation Epic Fury "consistent with my responsibility to protect Americans and United States interests at home and abroad, and in furtherance of United States national security and foreign policy interests."

So far, 45 commercial vessels have been directed to turn around or return to port as part of the U.S. naval blockade of Iranian ports, U.S. Central Command said Friday.

President Donald Trump said Friday that he is "not happy" after recent talks with Iran.

"We just had a conversation with Iran. Let's see what happens. But I would say that I am not happy," Trump told reporters before departing the White House.

Trump said the Iranian leadership is "very disjointed" and "argumentative with each other."

"They come back -- one says one thing, one says another. They're very confused," he said, adding that he's "not satisfied" with what's been offered.

The Trump administration is targeting foreign currency exchange houses that it says help the Iranian military access revenues from oil sales.

"Because Iran primarily settles its oil sales in Chinese yuan, these exchange houses play a critical role in converting oil revenues into currencies that are more readily useable by the Iranian military and its partners and proxies," the Treasury Department said in a statement Friday.

Treasury Secretary Scott Bessent said the action was taken as part of the "Economic Fury" campaign.

"Today’s designations further disrupt the Iranian regime’s mechanisms for receiving payments for oil and other commodities, thereby increasing costs and reducing revenue for the regime’s destabilizing activities, and exposing individuals and the methods the Iranian regime uses to bypass sanctions and abuse the international financial system," Bessent said in a statement.

The move follows actions by the Treasury Department earlier this week to target entities in Iran's shadow banking network that it says help the country evade sanctions.

-ABC News' Chris Boccia