Breaking: US House passes bill giving President Trump authority to levy tariffs on countries buying Russian oil

The US House passing a bill to allow tariffs on countries buying Russian oil raises the risk of tighter effective supply and renewed trade friction. This increases geopolitical and regulatory uncertainty for energy markets, potentially lifting risk premia and volatility in crude benchmarks. The move may also pressure broader risk assets via higher input costs and retaliatory trade measures, especially if implementation expands beyond narrow enforcement.