Trump Signs Russia-Iran Sanctions Bill, Reviews Large-Scale Military Action Against Iran

President Donald Trump signed legislation extending sanctions on Russia and Iran, with the White House announcing that he signed the 'Lindsey Graham Russia-Iran Sanctions Act' on Thursday (local time). The bill expands legal sanctions, tariffs, and prohibitions against Russia while extending existing sanctions on Iran. The U.S. House passed the bill 262-159 and the Senate approved it 86-11. On Wednesday (local time), Trump told Axios that he is making a major decision regarding the next steps in the Iran conflict, including whether to resume large-scale attacks.

The impact of the bill signing and review of military action against Iran on oil, risk assets, and cryptocurrency prices has not been confirmed.