US Senate passes sanctions bill; India could face tariff over Russia, Iran oil

India will not automatically face tariffs if the legislation becomes law.The US Senate on Friday passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, a sweeping bipartisan sanctions package aimed at tightening economic pressure on Moscow and Tehran while targeting countries that continue to finance Russia's war effort through energy purchases.Read more: 100% tariffs: Why India may ignore Trump threat and continue buying Russian crude oilNamed in honour of the late Republican Senator Lindsey Graham, one of the legislation's principal architects, the bill authorises the US president to impose punitive tariffs and sanctions on countries that continue importing significant volumes of Russian oil and gas.US Senate's Russia Sanctions Bill: What it meansThe measure now heads to t