The immediate backdrop is a broader great-power security crisis that by 2026 encompassed two concurrent theaters: a prolonged Russian invasion of Ukraine that began with the February 24, 2022 full-scale assault, and an expanding U.S.-Israeli military campaign against Iran that opened in March 2026 when the United States and Israel carried out coordinated strikes on Iranian nuclear-related facilities, air defenses and military infrastructure; those strikes and subsequent Iranian military responses kept the region on heightened alert through the summer.
Layered over those campaigns were successive rounds of financial and energy-sector penalties directed at Moscow after 2022 and longstanding U.S. sanctions on Tehran that predate the recent kinetic escalation.
The US House of Representatives approved the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," granting President Donald Trump the authority to impose tariffs of up to 100% on buyers of Russian energy.
The 262-to-159 vote moves a package that already cleared the Senate in August to the president’s desk, where signature would convert the measure into law (per jpost.com).
The bill casts a wide net: it targets Russia’s energy and defense sectors, seeks to punish the Kremlin’s "shadow fleet" of tankers, and names Vladimir Putin along with several senior Kremlin officials, Russian financial institutions and state-owned companies for sanctions (per jpost.com).
Proponents argue the tool will deprive Moscow of revenues needed to prosecute the war in Ukraine; opponents inside the Republican caucus warned privately it could raise fuel and heating costs ahead of the November midterm elections, a concern the House leadership declined to accommodate when Speaker Mike Johnson rejected change requests (per jpost.com).
The jpost.com report notes China and India as examples of potential buyers who could face tariffs under the president’s new authority, highlighting the global trade consequences the bill contemplates (per jpost.com).
Moscow responded by warning that a signed law would make it harder to reach a peace deal in Ukraine, framing the legislation as an obstacle to negotiations (per jpost.com).
The bill’s passage completes congressional approval after the Senate vote in August and places the next decision with President Donald Trump; if he signs it, the statute would add tariffs to the US toolkit for pressuring Russian energy revenues while also expanding sectoral sanctions already on the books (per jpost.com).