Another told you so! Ukraine is getting owned!

[Patriam1066]

Europe could stop exports of Russia oil in tankers globally to a great extent for a year if they wanted to. India and China are getting insurers on line but it’s taking a while, especially in China

You’d need to talk to a commodities trader to understand this fully. One of my friends left engineering and works for Total at their trade desk in Houston and I asked him how this cap worked (and how it could be enforced) a few months ago because it also didn’t make sense to me