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US Bill Targets Russian Oil with 500% Tariffs

1/9/2026

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Summary

Story summary

A new U.S. bill could impose 500% tariffs on countries purchasing Russian oil amid ongoing tensions.
The U.S. Supreme Court may soon rule on U.S. President Donald Trump’s tariff powers.
On January 8, 2026, gold prices remained at $4,449.70 per troy ounce.
Initial jobless claims rose to 208,000.
In Iran, civil unrest continues over inflation issues.

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Story summary

A new U.S. bill could impose 500% tariffs on countries purchasing Russian oil amid ongoing tensions.
The U.S. Supreme Court may soon rule on U.S. President Donald Trump’s tariff powers.
On January 8, 2026, gold prices remained at $4,449.70 per troy ounce.
Initial jobless claims rose to 208,000.
In Iran, civil unrest continues over inflation issues.