Sub Banner Image

EU Faces Struggle to Cut Russia Oil Price Cap on Mideast Risk

Markets

Jorge Valero, Alberto Nardelli, Ewa Krukowska

·

June 16, 2025

·

Bloomberg

The European Union faces an uphill struggle to lower the Russian oil price cap after US opposition at the Group of Seven summit and a crude price spike driven by Iran-Israel tensions.

More from

Bloomberg

More

Markets

Articles

Trending News

Enjoy premium content in your inbox.

You're in! Check your email to learn more.
Oops! Something went wrong while submitting the form.