The United States opposes Europe's push to lower the G7 cap on Russian oil prices.

According to informed sources, the United States has not wavered in its opposition to lowering the cap on Russian oil sales prices, dashing hopes in Europe for leaders to reach a production cut agreement at the G7 summit in Canada. The final decision lies in the hands of U.S. President Trump, and officials have not completely given up hope. However, they stated that so far, the U.S. has not changed its position outlined earlier this year at the G7 finance ministers' meeting.