BREAKING: The US Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act by a vote of 86-11. The bill now heads to the House, which returns after the August recess. The core provision authorizes the President to impose targeted tariffs of up to 100% on imports from the five largest buyers of Russian crude oil or natural gas. The bill also extends Iran sanctions, keeping restrictions on Iran's energy and arms sectors from expiring by renewing the 1996 Iran Sanctions Act through 2031. On Russia, it imposes primary sanctions targeting Putin, his inner circle, banks, state energy projects, and the "shadow fleet" of tankers, plus tariffs up to 500% on direct Russian imports.