How President Biden and senior advisers, in last-minute negotiations with world leaders, secured support for a novel plan to put a cap on the price of Russian oil
Last-minute intervention with Poland preserved the strategy that seeks to punish Putin and control inflation
U.S. gas prices have been up and down throughout the year and now more uncertainty is on the horizon as a European Union embargo on Russian oil imports kicks in along with a price cap on crude out of Russia. WSJ explains how these moves could impact prices at the pump for Americans. Illustration: WSJ
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