WS #13646
Senate passed the Lindsey Graham Sanctioning Russia and Iran Act (86-11), giving the president authority to impose up to 100% tariffs on major buyers of Russian oil/gas, a potential oil supply tightening catalyst. US official says a deal between Iran and Oman on the Strait of Hormuz is expected soon, which would lift the US blockade of Iranian ports and could further pressure oil prices.
Senate passes Russia/Iran sanctions bill
Senate passed the Lindsey Graham Sanctioning Russia and Iran Act (86-11), giving the president authority to impose up to 100% tariffs on major buyers of Russian oil/gas, a potential oil supply tightening catalyst.
US official says a deal between Iran and Oman on the Strait of Hormuz is expected soon, which would lift the US blockade of Iranian ports and could further pressure oil prices.