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Reuters: EU governments 'tentatively' agree on $60 a barrel price cap on Russian seaborne oil.

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The decision envisages an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters.

To be implemented, the agreement needs to get the final approval of all EU governments.

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The Kyiv Independent news desk

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The legislation passed with overwhelming support in the Senate in August but is expected to face stronger opposition in the House, with some House Democrats fearing it would grant U.S. President Donald Trump too much authority over tariffs.

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