Republicans split over blame after Democratic midterm sweepNasdaq slides as AI and chip stocks extend losses after Democratic midterm winMore tankers burn in Hormuz as Iran keeps up pressureTrump weighs Iran deal or escalation after midterm defeatKomyshuvakha toll rises to 42 as Ukrainian drones hit RyazanParaguay's president announces resignation as Ueno bank collapse deepens crisisUnions and ministry dispute size of French cost-of-living protests as PM calls social conferenceHouthi missiles keep targeting Saudi Arabia as Yemen's government reshufflesEisenkot leads recommendations as ultra-Orthodox party withholds backing from NetanyahuMelania Trump hosts Russians and Ukrainians as Europe seeks a voiceBank of England raises rates to 4% and signals moreNo sign of foul play in Aiwanger's death, preliminary autopsy indicatesSecond wave of bomb threats hits European flights, no explosives foundBritish national with Ebola to be evacuated from CongoHong Kong court adds ten years to Joshua Wong's sentenceTech leaders concede data-centre backlash after midtermsGaza truce toll passes 1,600 after new Israeli strikesChina blocks SoftBank's takeover of ABB's robotics business in ChinaANC loses ground in South African local electionsRussia deepens military support for IranIndonesia deploys troops in Jakarta over wiretap scandalOil stays below $100, rebounds from two-month lowOpenAI launches GPT-6 Cyber with top cyber risk ratingNigerian court voids Atiku's 2027 presidential candidacyFinland jails Russian captain over Baltic cable sabotageTrump-Putin diesel deal falters as tankers divertSaudi Arabia and Syria sign defence deal and $403m in loansIsrael weighs life without US aid as midterms strain tiesDeveloping countries' external debt hits record $9.4tnCrédit Mutuel Arkéa seeks to recover over €100m after hackHerzog warns West Bank violence could lead to civil warBosch announces 750 more job cuts, over 30,000 in totalEurope drains gas storage at twice the usual rateSouth Korea to deploy navy closer to HormuzChina ties more US farm purchases to $30bn tariff cutsEU pays Ukraine €4.36bn as Kyiv aims to close accession clustersNvidia chips pile up in Hong Kong as China withholds approvalsBangladesh garment protests continue despite wage board moveGermany agrees to buy 50% stake in tank maker KNDSRepublicans split over blame after Democratic midterm sweepNasdaq slides as AI and chip stocks extend losses after Democratic midterm winMore tankers burn in Hormuz as Iran keeps up pressureTrump weighs Iran deal or escalation after midterm defeatKomyshuvakha toll rises to 42 as Ukrainian drones hit RyazanParaguay's president announces resignation as Ueno bank collapse deepens crisisUnions and ministry dispute size of French cost-of-living protests as PM calls social conferenceHouthi missiles keep targeting Saudi Arabia as Yemen's government reshufflesEisenkot leads recommendations as ultra-Orthodox party withholds backing from NetanyahuMelania Trump hosts Russians and Ukrainians as Europe seeks a voiceBank of England raises rates to 4% and signals moreNo sign of foul play in Aiwanger's death, preliminary autopsy indicatesSecond wave of bomb threats hits European flights, no explosives foundBritish national with Ebola to be evacuated from CongoHong Kong court adds ten years to Joshua Wong's sentenceTech leaders concede data-centre backlash after midtermsGaza truce toll passes 1,600 after new Israeli strikesChina blocks SoftBank's takeover of ABB's robotics business in ChinaANC loses ground in South African local electionsRussia deepens military support for IranIndonesia deploys troops in Jakarta over wiretap scandalOil stays below $100, rebounds from two-month lowOpenAI launches GPT-6 Cyber with top cyber risk ratingNigerian court voids Atiku's 2027 presidential candidacyFinland jails Russian captain over Baltic cable sabotageTrump-Putin diesel deal falters as tankers divertSaudi Arabia and Syria sign defence deal and $403m in loansIsrael weighs life without US aid as midterms strain tiesDeveloping countries' external debt hits record $9.4tnCrédit Mutuel Arkéa seeks to recover over €100m after hackHerzog warns West Bank violence could lead to civil warBosch announces 750 more job cuts, over 30,000 in totalEurope drains gas storage at twice the usual rateSouth Korea to deploy navy closer to HormuzChina ties more US farm purchases to $30bn tariff cutsEU pays Ukraine €4.36bn as Kyiv aims to close accession clustersNvidia chips pile up in Hong Kong as China withholds approvalsBangladesh garment protests continue despite wage board moveGermany agrees to buy 50% stake in tank maker KNDS
Bota
Symbolic image: US Senate passes Russia and Iran sanctions billSymbolic image

US Senate passes Russia and Iran sanctions bill

6 sources

The US Senate passed the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026" on Friday by 86 votes to 11. It would let the president impose tariffs of up to 100 percent on major buyers of Russian oil and gas.

What happened

  • Bill named after the Republican senator who died on 11 July; a Democratic senator co-authored it, Politika reports.
  • Senators rejected an amendment stripping the president's authority to tariff importers of Russian energy, TASS reports.
  • Text targets Russia's central bank, Sberbank, Gazprombank, Yamal LNG, Arctic LNG projects and the shadow tanker fleet.
  • Iran section extends the Iran Sanctions Act of 1996 for five years, with a presidential waiver option.
  • House vote expected no earlier than early September; Congress is in recess until 31 August. Trump endorsed the text on 29 July.

The view from outside

Outlets outside the conflict parties name different targets: Al Jazeera lists China and India among at least five affected importers, The National adds Japan and some EU states, and The Hindu headlines India plus four others. The National also notes that the June memorandum establishing the US-Iran ceasefire barred new sanctions, while Tehran says Washington must first honour it.

What could happen next

  • Two Democratic House members call the tariff powers unrestrained and the adopted version unacceptable, signalling a harder passage.
  • Which five buyer countries and which five alleged sanctions-evaders would be hit is not settled in the reporting.
  • Trump has said repeatedly this week that an Iran deal will come "soon"; the House text could still change.
  • Bloomberg reports the US Treasury separately sanctioned Iranian digital-asset exchanges.
How the camps see it
  • US Senate majority: Bipartisan senators say cutting Russia's energy cash flow will do more than the battlefield can and force Moscow to negotiate.

  • Russia: Moscow's embassy in Washington condemned the bill, arguing it will deepen an energy crisis and raise US gas prices before the midterms.

  • Ukraine: Kyiv calls strong American sanctions the most effective help available and thanks both parties for what it calls proof of US global leadership.

  • Iran: Tehran says Washington must better commit to the June ceasefire memorandum, one section of which stipulated no new sanctions.

Also involved

European CommissionBuyers of Russian energy

To the edition