EU plans to lower Russia oil price cap meet political headwinds
Middle East conflict overtook plans to discuss a reduction in the oil price cap at G7, but signs of US and internal EU opposition to the plan were already evident and an agreement is looking less likely
Trump appears to be unconvinced by EU and UK calls for more action over Ukraine war, but even those EU member states pushing for a stricter regime are balking at the prospect of a two-tier price cap regime