Reported about 22 hours ago
The US is firmly opposing European calls to reduce the G-7's price cap on Russian oil sales from $60 to $45 per barrel, as part of a strategy to pressure Russia's oil revenues amid its ongoing war against Ukraine. Despite hopes for agreement at an upcoming G-7 summit in Canada, US officials have reiterated their stance from earlier discussions. The EU and UK may consider moving forward without US support, but many member states are hesitant to act unilaterally, recognizing that a unified approach with US enforcement would be more effective.
Source: YAHOO