WS #13623
Senate passed sweeping Russia/Iran sanctions bill (86-11) authorizing up to 100% tariffs on top buyers of Russian energy, potentially tightening global energy supply. Bessent says Hormuz will become irrelevant in two years; Iran insists on fees; oil prices mixed but geopolitical premium remains, with Citi raising Q3 Brent forecast to $80.
Senate Russia/Iran Sanctions
Senate passed sweeping Russia/Iran sanctions bill (86-11) authorizing up to 100% tariffs on top buyers of Russian energy, potentially tightening global energy supply.
Bessent says Hormuz will become irrelevant in two years; Iran insists on fees; oil prices mixed but geopolitical premium remains, with Citi raising Q3 Brent forecast to $80.