President Donald Trump signed legislation that expands sanctions on Russia and extends existing sanctions on Iran until 2031. The bill targets major oil and gas purchasers like China and India.

The expanded sanctions on Russia and extended measures on Iran could impact global energy markets and international trade relations, particularly concerning major purchasers like China and India, and may influence geopolitical dynamics ahead of President Xi Jinping's visit.
President Donald Trump signed into law H.R. 5334, the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” which extends existing US sanctions on Iran to 2031 and expands sanctions, tariffs, and other restrictions on Russia. The bill targets major oil and gas purchasers like China and India. The legislation was signed days before Chinese President Xi Jinping's visit to the US. Tehran has described Washington's new sanctions as “economic terrorism.”