Story perspectives
Senate Passes Sanctions Act, Grants Trump 100% Oil Tariffs
8/7/2026
1 of 4
Graham Sanctions Bill
- The U.S. Senate approved Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 on August 7, 2026, by an 86-11 vote.
- Critics note the sanctions are unlikely to curb Russia’s war funding while granting President Donald Trump tariff authority that may raise consumer prices.
- Democratic senators warned the tariff power lacks a congressional reversal mechanism.
- Analysts say Russia’s new financial alternatives limit the sanctions’ impact on its war funding.
1 / 4
