G7 Invites Oil Importers To Consider Price Cap On Russian Oil ...Middle East

The G7 leaders have agreed to study ways to put a cap on the price of Russian oil sold internationally and are seeking support among "like-minded" nations. "We invite all like-minded countries to consider joining us in our actions," G7 said in a communiqué cited by Reuters today. The Russian oil price cap was one of the main items on the G7 agenda during this week's meeting, and initial reports from the event suggested the leaders of the world's biggest economies would produce an actual plan for capping prices. Instead, they are delaying…

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