US senators agree on bill allowing Trump to restrict Russian energy buyers

A bipartisan group of U.S. senators has reached an agreement on legislation that would enable President Donald Trump to impose additional restrictions on major purchasers of Russian energy and Iran. This development is seen as part of the broader U.S. sanctions campaign linked to Russia’s involvement in Ukraine and the existing sanctions regime on Iran. The proposed legislation, which indicates a shift towards pressuring third countries involved in buying Russian oil and gas, suggests a tougher stance on energy trade. The bill now awaits further legislative procedures, including a vote in the Senate and approval in the House, before it can be enacted into law. Key Takeaways The Senate agreement appears to indicate a more aggressive U.S. approach towards major buyers of Russian energy, which could affect existing energy trade dynamics. Market pricing suggests that the legislative development could decrease the likelihood of favorable terms in a potential US-Iran deal in 2026. Recent movements in prediction markets reflect a moderate decrease in the probability of Iran reconstruction funding being included in a US-Iran deal. What to Watch Observers should monitor the progress of the ...