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EU May Freeze Russian Oil Cap to Block Automatic Price Hike Amid Iran War

Kiev24·
EU May Freeze Russian Oil Cap to Block Automatic Price Hike Amid Iran War

The European Union is exploring emergency adjustments to its sanctions framework to temporarily freeze the price cap on Russian crude oil, aiming to block an automatic increase driven by the conflict in the Middle East. Under current EU rules, the price cap automatically adjusts every six months to…