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An oil embargo without a price cap would reduce global oil supply and push up benchmark prices like Brent.
Drawn from what Simon Johnson said
What Simon Johnson actually said
- Simon Johnson Economist; Ronald A
If the EU implements these measures without a price cap, we would expect the supply of oil to the world market to decline - and benchmark oil prices (e.g., Brent) to rise.
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Added to korrents 24 Oct 2026 · How quotes work · Something wrong? Tell us
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