Breaking developments on the energy front—word's getting around that the G7 nations and EU are in active discussions about potentially dismantling the oil price cap mechanism they've had on Russian crude. Multiple sources are confirming these talks are underway.

This could be a pretty significant shift in global energy policy if it goes through. The price cap framework has been one of the key tools in the Western sanctions toolkit since late 2022, designed to limit Moscow's oil revenues while keeping supply flowing to global markets.

Why does this matter beyond energy markets? Well, any major recalibration in commodity policy like this tends to ripple through risk assets. We've seen how oil price swings impact inflation expectations, central bank positioning, and ultimately everything from equities to crypto. If the cap gets scrapped, we could see renewed volatility in crude prices—which historically correlates with shifts in macro liquidity conditions.

Keep an eye on how this develops. Geopolitical pivots in energy policy don't happen in a vacuum, and markets tend to reprice risk pretty quickly when the rules of the game change.