A new bipartisan bill aims to tighten economic pressure on Russia by restricting its oil and gas exports, which have helped sustain funding for its ongoing conflict in Ukraine. The legislation also expands existing sanctions on Iran’s energy and weapons industries, reinforcing U.S. efforts to curb both nations’ ability to finance aggression. Lawmakers argue the measures are necessary to weaken support for Russia’s war while limiting Iran’s capacity to arm militant groups. The proposal marks a significant escalation in sanctions policy, targeting key revenue streams for both regimes.
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 targets Russian oil and gas exports that have been fueling Vladimir Putin’s long and bloody war against Ukraine and extends existing sanctions against Iran’s energy and weapons sectors.
