UK and G7 allies look at lowering meaningless' cap on Russian oil exportsThe G7 may lower the $60 price cap on Russian oil exports to respond to falling oil prices and improve its effectiveness.
The drop in brent crude oil reflects global economic uncertainty - London Business News | Londonlovesbusiness.comBrent crude oil prices are under pressure due to weak demand, particularly from China, and a cautious U.S. Federal Reserve on interest rate cuts.
The Guardian view on Israel and Iran: there will be no winners from an all-out war | EditorialBiden's comments on Israeli strikes on Iran's oil industry highlight concerns over regional stability and global oil markets.
Why Oil Prices Remain SubduedOil prices are rising due to Libya's political unrest, yet the market remains stable amid overall geopolitical tensions.