US delays decision on Russian oil price cap – WSJ ...News

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US delays decision on Russian oil price cap – WSJ
The Biden administration reportedly wants to avoid market volatility ahead of midterm elections US officials aren’t planning to set the level of the price cap on Russian oil until after the US midterm elections on November 8, the Wall Street Journal reported on Friday, citing people familiar with the matter. The Biden administration is concerned that an announcement of a price ceiling would lead to a cut in Russian supplies, cause oil market volatility and influence the results of the midterm elections, the WSJ explains. Moscow repeatedly said that it wouldn’t supply oil and gas to nations that adopt trade policie

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