Donald Trump teased congressional sanctions against countries that do business with Russia and Iran as tensions between the U.S. and those countries simmer.

Sen. Lindsey Graham (R-SC) announced Monday that the Senate will soon move forward with legislation that would sanction Russia’s trading partners after President Trump appeared to give the move his blessing.

Oil prices fell on Monday as loadings resumed at Russia's Novorossiysk export hub after a two-day suspension at the Black Sea port that had been hit by a ​Ukrainian attack. Brent crude dropped 45 cents,

This comes in the backdrop of President Trump announcing “tremendous” sanctions against two Russian oil companies, namely Lukoil and Kremlin-owned Rosneft.

President Donald Trump has confirmed that Republican lawmakers are drafting a new bill to impose severe sanctions on any country conducting business or trade with Russia.