US senators announce deal on new Russia, Iran Sanctions Bill
- Posted on July 28, 2026
- By Business News Today
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US senators announce deal on new Russia, Iran Sanctions Bill
Senators reached a deal on legislation empowering the president to restrict Russian and Iranian energy buyers. This measure allows tariffs on top buyers of Russian crude and natural gas. It also extends penalties on Iran, preventing a lapse in authority. The bill could impact US trade relations with China and India. The administration retains discretion on imposing these new penalties.
