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Slack.com slash DHQ. $29.62 I will explain. From American public media, this is Marketplace.

In Los Angeles, I'm Kai Rizdole, Tuesday. Today, the 10th of January, I do believe

you'll have good as always to have you along. Everybody, $29.62 is the difference today

between the price of a barrel of Brent North Sea crude oil, the international benchmark,

and the price of a barrel of Russian crude known commonly as Urals, which is to say

that, while yes, Russian oil can now be had on the relative cheap if international sanctions

known by you, it's also a sign that those sanctions, including a price cap on Urals,

seems to be working mostly, but we'll get to that. There had been some skepticism about

whether Europe and Australia and the G7 could pull that price cap off. But the bottom

line is that the sanctions and the price difference should mean less revenue for Russia to finance

its war on Ukraine. But as Marketplace's sub-rebenisher reports to get as go, and there

is plenty more of this story left to play out. The US, Europe, Japan, Australia, Canada

and the UK appear to have bent global oil markets to their will. Ben K. Hill is a senior

fellow at the Center for Strategic and International Studies. He says this is how they did it.

These countries barred all of the support services that are used for seaborn exports

for any transaction above $60 a barrel. You're buying oil and what? Boat insurance?

$60 per barrel. You want financing for that oil? $60 per barrel.

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