Here are the known and unknowns so far:WHO'S IN THE PRICE CAP COALITION?
Britain said Thursday it could ban countries from using its services to transport Russian oil purchased for a price exceeding the cap.
WHAT WILL THE PRICE CAP LEVEL BE?
Moscow could end up cutting production as a result, which would apply upward pressure on global oil prices.
Worries about potential sanctions, even if unfounded, can cause traders to avoid deals, another factor that can boost oil prices.