President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law. The legislation is designed to hinder Vladimir Putin's war in Ukraine by targeting Russian oil and gas exports and extending sanctions on Iran's weapons and energy sectors.
The law grants the administration the authority to impose tariffs up to 100% on the five largest buyers of Russian oil and gas, primarily impacting India and China. The bill passed the House 262–159 and the Senate 86-11.