since Russia could choose not to sell at the price set by the U.S. and its allies. In addition, countries such as India and China, which have been snapping up oil from Russia, may not agree to the price cap.The war in Ukraine has increased uncertainty in the oil market and pushed prices higher.
"That's why I think [Indonesian] President Jokowi in his visit to the place of the conflict [said] we want the war to be ended, because this is the source of the problem," Sri Mulyani said. "It is because of that war, that the whole disruption of all this supply, as well as then the implication of war in terms of the sanction — it's even creating more complex situation," she said. The U.S. has banned Russian oil imports, and the European Union wants to impose a gradual embargo.There has been an underinvestment in energy supply, while some oil-producing countries have struggled to boost output.
Still wondering why gas is nearly $5? 'The adults are back in charge' 😂😂😂😂 (Sound on)