In today’s episode, we bring you stories of Russia’s decision to stop oil exports to countries that have placed price caps, a wave of austerity in Tunisia, the continuation of Title 42, and Uruguayan unions rising up against pension reforms
NewsClick’s Prabir Purkayastha analyzes the impact of the G7 and EU price caps on Russian crude exports. He talks about whether it has been effective and what it means for the rest of the world
The United States and its allies are trying to impose new restrictions on the Russian economy, but like attempts so far, this one too looks fated to fail
The message is loud and clear: Saudi Arabia and Russia, who form the axis of the OPEC+, are closely coordinating on shaping the world oil market even as they could be competing for market share