It is an audacious plan, not even tried at the height of the 1973-4 oil embargo. On Friday, after months of discussions, the G7 countries agreed to introduce a price cap on Russian oil. Moscow, a member of Opec+, could now find itself confronted by a buyer’s cartel. The US Treasury’s assistant...
https://www.hellenicshippingnews.com/why-the-g7s-price-cap-on-russian-oil-has-limits/