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AFBytes briefing

Changes to the price cap affect global oil supply dynamics and could influence gasoline prices paid by American consumers.

What to watch next

Monitor the July EU review meeting and any accompanying statements from G7 energy ministers.

Economy livemint.com · Jun 1, 2026 00:50 UTC

EU considers freezing Russian oil price cap at $44

Brussels is considering freezing the Russian oil price cap at $44.10 per barrel. The review comes as Middle East tensions push energy prices higher ahead of a July deadline.