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U.S. legislative movement on sanctions against Russia and Iran coincides with increased Russian strikes on Ukrainian civilian infrastructure

Executive summary: The Ukrainian Parliament honored a bipartisan U.S. delegation in Kyiv amid intensifying Russian attacks on civilian infrastructure. In the U.S., the House is considering the Lindsey O. Graham Sanctioning Russia and Iran Act. The legislative movement increases economic pressure on Russia and Iran, potentially escalating international sanctions regimes during a period of high military tension.

Who is involved: Ukrainian Parliament, U.S. House of Representatives, Russia, Iran.

Likely next: The U.S. House vote on the sanctions act and potential retaliatory measures from Russia or Iran.

The Ukrainian Parliament has honored a bipartisan U.S. delegation in Kyiv as Russia intensifies attacks on civilian infrastructure. Simultaneously, the U.S. House is deliberating the Lindsey O. Graham Sanctioning Russia and Iran Act. These parallel developments highlight the escalation of geopolitical tensions and the formalization of economic pressure mechanisms.

What's next — scenarios

Base: Sanctions Act passes in the U.S. House (55%)

Increased volatility in energy and commodity markets due to heightened sanctions against Iran and Russia.

Downside: Escalation of energy-focused warfare (30%)

Surge in global oil prices and supply chain disruptions in the Black Sea and Middle East.

Upside: Diplomatic breakthrough in energy strikes (15%)

Stabilization of oil prices and reduced geopolitical risk premium.

What to watch

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Analysis — what this means

Likely next events

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