US Enacts Lindsey O. Graham Act: Up to 100% Tariffs on Russian Oil Buyers; India Raises Energy Security Concerns

US Enacts Lindsey O. Graham Sanctioning Russia and Iran Act; 100% Tariffs on Oil Buyers Including India

US President Donald Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law on September 18, 2026. The Act authorizes the US President to impose tariffs of up to 100% on major buyers of Russian oil and gas, including India and China, escalating pressure on Russia's energy revenues.

India Raises Concerns on US SRIA Law Allowing 100% Tariff on Russian Oil Buyers

India's External Affairs Minister S. Jaishankar met US Secretary of State Marco Rubio and conveyed India's concerns over the newly signed US 'Sanctioning Russia and Iran Act' (SRIA), which authorizes up to 100% tariffs on countries buying Russian oil and gas, including India. India reiterated its commitment to protect its economic interests and ensure energy security.

SRIA Signed: Jaishankar Conveys India's Energy Concerns Over US Tariffs Up to 100% on Russian Oil

In the first official discussion after Trump signed the Russia Sanctions Bill (SRIA), External Affairs Minister Jaishankar met US Secretary of State Rubio in New York and reiterated India's economic and strategic concerns over potential tariffs up to 100% on Russian oil buyers. India, a major importer of Russian crude, stressed its energy security needs for its 1.4 billion people. The meeting came as both nations work on a bilateral trade deal.

Trump-Xi Summit Prep: 100% Tariffs on Russian Oil Buyers, $30 bn Reciprocal Tariff Reduction Talks

Top US and Chinese negotiators meet from Sept 19 for final preparatory talks ahead of Trump-Xi summit. Key issues: tariffs, AI, and the new US law imposing 100% tariffs on countries buying Russian oil and gas (including China and India). Simultaneously, both sides are negotiating a reciprocal tariff reduction framework covering $30 billion from each side.

US Senate Passes Bill for 100% Tariffs on Top 5 Russian Oil Buyers, India Second-Largest Buyer

The US Senate has passed a bill proposing up to 100% tariffs on the top five buyers of Russian oil, targeting India as the second-largest buyer. This could disrupt global oil markets amid the West Asia crisis, but includes presidential waiver provisions, offering India a potential workaround.

US-Venezuela Oil Deal: 65 Billion Barrels Reserved Amid Iran War & Energy Security Crisis

President Trump announces a historic deal with Venezuela to control 65 billion barrels of oil reserves, aiming to lower US gas prices amid the Iran war disrupting global oil supply. The agreement, negotiated by Secretary Rubio and Defense Secretary Hegseth with interim President Rodriguez, marks a major shift in US-Venezuela relations after the capture of Maduro.

US-Iran Talks on Strait of Hormuz Reopening: Oman-Backed Interim Deal Near, India's Energy Security at Stake

US President Trump claims an interim deal with Iran to reopen the Strait of Hormuz is imminent, with Oman and Qatar mediating. Any disruption here directly impacts India's crude oil imports and global energy prices, making this a key IR and energy security topic for exams.

India Engages US Congress on Sanctioning Russia and Iran Act (SRIA) Over Energy Security

India is actively engaging the US Congress to address concerns over the newly enacted Sanctioning Russia and Iran Act (SRIA), which could impose up to 100% tariffs on countries purchasing Russian energy. Given India's 88% dependence on crude imports and Russia supplying nearly half of that, the legislation poses a direct threat to India's energy security and bilateral trade relations.