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US House Passes Russia–Iran Sanctions and Tariff Bill
Vera
By Vera
Markets Editor
The U.S. House passed the Lindsey O. Graham Sanctioning Russia and Iran Act by 262–159, sending the Senate-approved measure to President Donald Trump. The bill targets Russia’s energy and defense sectors and sanctions-evasion tanker fleet, while authorizing tariffs intended to pressure major buyers of Russian OilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More and gas. It also extends sanctions authorities covering Iran. The measure creates a potentially important new trade-policy channel, but TariffTariff refers to a tariff is a tax imposed by a government on goods and services imported from other countries. The term belongs in Level 7 because it helps connect macro condit...Read More use and the timing of implementation remain subject to presidential action.
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