Author: Dr. Layne McDonald Published: August 8, 2026 Immediate Answer On August 7, 2026, the U.S. Senate overwhelmingly passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 in an 86-11 bipartisan vote. The landmark legislation authorizes the executive branch to levy tariffs of up to 100% on the top five purchasers of Russian oil and natural gas, aggressively targets illicit shadow fleet vessels, and enforces strict oil price cap compliance. The bill now hea
