Submitted by Core2score t3_zwvb1y in worldnews
GoodAndHardWorking t1_j1xa0v2 wrote
Reply to comment by TapSwipePinch in Putin bans Russian oil sales to countries that accept West's price cap by Core2score
It's already trading below the price cap. The point of the cap is that instability with the supply can cause the price to shoot up, which benefits Russia, who can also cause the instability that increases the price. So capping the price reduces Russias ability to strategically leverage the oil supply.
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