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Ban on Oil and Gas Imports from Venezuela and Iran

New law prohibits the import of crude oil, petroleum products, and liquefied natural gas from Venezuela and Iran into the United States. This aims to protect U.S. national security, as these governments are accused of supporting terrorism. Citizens might experience indirect effects on fuel prices, though direct daily life consequences are hard to predict.
Key points
Prohibits the import of crude oil, petroleum products, and liquefied natural gas from Venezuela and Iran.
Aims to protect U.S. national security from regimes supporting terrorism.
The ban takes effect 15 days after the law's enactment.
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Additional Information
Print number: 117_S_3798
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2022-03-10