This move was in a view of limiting Russia’s fossil fuel earnings without hindering the global supply chain of the widely used fossil fuel. The seven-member group believes that the price cap would limit Russia’s ability to pay for its war against Ukraine.
US stock: S&P 500 ends lower as investors weigh data, Middle East tensions
The S&P 500’s streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied