The US House of Representatives has postponed the review of the Russia sanctions bill, as lawmakers are concerned that the bill will expand President Trump's tariff powers and push up oil prices. The bill was proposed by Lindsey Graham and authorizes US President Trump to impose up to 100% tariffs on Russian oil and gas buyers and countries assisting in sanctions evasion. Speaker of the House Mike Johnson stated that all parties support sanctions against Russia, but it is necessary to ensure that the bill is passed in the correct way. The Chairman of the House Foreign Affairs Committee, Brian Masters, stated that the committee is evaluating the impact of Russian crude oil buyers turning to other sources on oil prices.
