Following Pakistan's military operation against several Indian bases, Prime Minister Shehbaz Sharif has called an urgent National Command Authority (NCA) meeting.
Yes, it is more complicated. That is why someone with a title of assistant secretary does not understand it. Russia will sell all the oil it wants to the trade at a steep discount who will resell it a higher prices and make a killing.
The global energy trade is a bit more complicated than the local pub. The price cap has twin goals: putting downward pressure on global prices by allowing Russian oil to flow, while denying revenue to Putin's war machine. Let's explore the real way the price cap works: