U.S. Ties To Woo China And India On Price Cap With Steeper Crude Discounts

The U.S. is hoping to tempt China and India to join the G7’s price cap plan for Russian oil by dangling the prospect of even bigger discounts for crude cargoes. "Our hope is that countries like China and India will join the price cap coalition, or take advantage of the price cap coalition, to lower the amount of money that Russia makes from oil exports," U.S. Deputy Treasury Secretary Wall Adeyemo has told a conference in New York, Reuters reports.  Adeyemo’s remarks come as the G7 grapples with the fate of a price cap on Russian…