{"id":67705,"date":"2022-06-27T15:22:09","date_gmt":"2022-06-27T11:22:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67705"},"modified":"2022-06-27T15:22:13","modified_gmt":"2022-06-27T11:22:13","slug":"g7-still-working-on-precise-mechanism-to-implement-price-cap-on-russian-oil","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/g7-still-working-on-precise-mechanism-to-implement-price-cap-on-russian-oil\/06\/27\/market-updates\/","title":{"rendered":"G7 still working on precise mechanism to implement price cap on Russian oil"},"content":{"rendered":"\n<p>With the G7 Summit underway, a US official said on Monday that the G7 is close to setting a global price cap for Russian oil. According to Reuters.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cTo issue coordinated steps tomorrow to raise pressure on Russia.\u201d<\/p><p>\u201cTargeting services for transporting Russian oil is a &#8216;promising avenue&#8217;.\u201d<\/p><p>\u201cUS will impose higher tariffs on Russian goods worth about $2.3 billion.\u201d<\/p><p>Meanwhile, Javier Blas, Energy and commodities columnist at Bloomberg, tweeted out, \u201cfrom what I hear from officials on the ground, the G7 is not going to agree on an oil price cap at this meeting, but it will agree this a direction it wants to push forward, and will seek further talks to non-G7 nations to see if it can be put into practice.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>With the G7 Summit underway, a US official said on Monday that the G7 is close to setting a global price cap for Russian oil. According to Reuters. \u201cTo issue coordinated steps tomorrow to raise pressure on Russia.\u201d\u201cTargeting services for transporting Russian oil is a &#8216;promising avenue&#8217;.\u201d\u201cUS will impose higher tariffs on Russian goods worth &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6846,6875,6842],"class_list":["post-67705","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil","tag-russia","tag-us"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67705"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67705\/revisions"}],"predecessor-version":[{"id":67706,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67705\/revisions\/67706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33476"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}