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The threats to shipping in the Strait of Hormuz are complicating President Trump's calculations about how and when to end the war.
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The move is likely to be a boon to Russia as the United States tries to stem the economic fallout from its war on Iran as the price of crude has soared.
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Treasury Secretary Scott Bessent said it was "unfortunate" that the move could benefit Russia, but maintained that it was only for the short term.
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President Donald Trump says all the time that gas prices are dropping on his watch, but with the Iran war, he says rising oil costs are good for America.
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The Iran war shows that despite President Trump's rejection of globalization, the world economy still relies on international links.
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The lopsided vote to approve the measure was a rare bit of election-year bipartisanship on a major affordability issue, but G.O.P. disputes and President Trump's disinterest have left its fate uncertain.
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China's Foreign Ministry criticized the Trump administration's trade investigation as a "pretext" for tariffs. Meanwhile, China is moving ahead with a five-year plan that may rankle trade partners.
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The case is mostly moot, a federal judge said, because the administration has resumed the flow of more than $200 million in funding that it had temporarily stopped.
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President Donald Trump delivered a mixed message about the U.S.-Israeli war with Iran on Wednesday in his first remarks at a political rally since strikes began less than two weeks ago."You know, you never want to say too early you won," Trump told supporters at a packaging plant in Hebron, Kentucky.
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