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    G7 Idea of Capping Russian Oil Price Will Not Work for Lack of Authority on Market, Prof. Says_我的网站

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    A |     The G7 countries held a three-day summit from Sunday to Tuesday in the Bavarian Schloss Elmau. Apart from the member states, five countries — South Africa, Senegal, Indonesia, India and Argentina — were invited as guests. The G7 leaders issued a communique, saying the countries will consider introducing new restrictions on the transportation of Russian oil if Moscow does not agree to reduce oil prices.,"The oil market is a world market of 100 million barrels/day and this idea of capping oil prices for Russian crude would never work. It was not even attempted to cap oil prices in the 1970s at the time of the first oil shock," Furfari said, adding that OPEC is the only "authority" that could be able to influence prices of crude.,The expert went on to say that most of the oil-producing countries are already at their production ceiling anyway and they could not increase it to please the West. Even if European countries and the United States "ask nicely" OPEC to increase production to avoid an increase in oil prices it will not work as "OPEC+ remains deaf to the requests of the US and the Europeans.",US Fears Hike in Oil Prices if EU and UK Ban Insuring Tankers With Russian Oil, Reports Suggest16 June, 12:09 GMT,"The OPEC+ has some influence on the cost of crude oil on the market thanks to their quotas, but they will not come to an agreement with the G7 that would last very long if ever some members did reach such a limited agreement. Do you see Iran or Venezuela helping the US against Russia? Even the Emirates would refuse: they produce at their maximum already," Furfari explained.,He noted that while US President Joe Biden does not want to make Saudi Arabia a so-called "pariah state" anymore, the Saudis will not forget his election campaign pledge to treat them just so.,During the summit, French President Emmanuel Macron was caught on tape telling Biden that neither the United Arab Emirates nor Saudi Arabia could pump more oil to the global market to offset the shortfall in Russian exports.。    

    Japanese Prime Minister Sanae Takaichi attended the party leaders debate held at the House of Representatives in the Diet,. Tokyo Japan on July 15, 2026.
        Japanese Prime Minister Sanae Takaichi attended the party leaders debate held at the House of Representatives in the Diet,. Tokyo Japan on July 15, 2026.
    Due to concerns about fueling tension with China and South Korea, Japanese Prime Minister Sanae Takaichi is considering refraining from visiting the notorious Yasukuni Shrine, a symbol of Japanese militarism and wartime aggression, to mark the anniversary of Japan's unconditional surrender in World War II (WWII) on Saturday, Japanese media outlet Kyodo quoted sources familiar with the matter as saying on Wednesday. 
    Chinese experts said even if Takaichi forgoes a visit to the notorious shrine, the potential decision is merely driven by political calculations and diplomatic maneuvering, and could not be interpreted as a shift in her right-wing stance or as a sign of remorse over Japan's wartime aggression.
    Such a visit to the shrine by Takaichi, a conservative known for her hawkish foreign policies, would certainly fuel tensions with China and create a rift in relations with South Korea, two countries that suffered under Japan's wartime military atrocities, Kyodo News reported.
    Takaichi regularly visited the shrine before, even while serving as a Cabinet minister. But she has not visited the shrine since becoming leader of the ruling Liberal Democratic Party and prime minister in October, according to Kyodo news. 
    Chief Cabinet Secretary Minoru Kihara said at a press conference on August 7, when asked about a possible visit by Takaichi to the shrine around the anniversary, that "it is a matter for the prime minister to decide appropriately on her own," according to Japan's Jiji Press. 
    A source close to Takaichi told the Jiji that, "I don't think the prime minister will visit Yasukuni Shrine. It would complicate relations with South Korea."
    Japan's Asahi TV reported that Takaichi may forgo the visit because she believes it is necessary to avoid triggering diplomatic tensions with South Korea, as well as with China.
    A visit to the notorious shrine by a sitting Japanese prime minister would be a serious political incident, as it would reflect the leader's attitude toward Japan's wartime aggression and broader historical issues. Even if Takaichi chooses not to visit the shrine, it would not signal a retreat from her right-wing stance or a change in her views of Japan's wartime aggression against other countries, Lü Chao, an expert on Korean Peninsula issues at the Liaoning Academy of Social Sciences, told the Global Times. Rather, he said, the decision would largely reflect political calculations and diplomatic maneuvering. 
    Lü added that Takaichi could still make other symbolic gestures on the anniversary to cater to Japan's right-wing forces, whose support helped propel her to power. Such a move, he said, would underscore that her views of Japan's wartime history remain unchanged and serve as a reminder to neighboring Asian countries to remain vigilant about Japan's political direction.
    Reporting on Takaichi's possible decision to forgo a visit to the shrine, South Korean newspaper Chosun Ilbo said on Wednesday that Takaichi had regularly visited the Yasukuni Shrine. "In the Liberal Democratic Party leadership election held in October last year, Takaichi also said that if appointed prime minister, she would visit the Yasukuni Shrine, noting that such visits should not become a diplomatic issue." However, since then, Takaichi has not visited in person and has only dedicated offerings in a private capacity, per the report. 
    In April, after Takaichi sent a ritual offering to the notorious Yasukuni Shrine, Chinese foreign ministry spokesperson Guo Jiakun said that China firmly opposes and strongly condemns Japan's latest negative moves related to Yasukuni Shrine and has lodged strong representations and protests with the Japanese side.
    The Yasukuni Shrine is a spiritual tool and symbol of Japanese militarists responsible for the war of aggression. It is in fact a shrine for war criminals, noted Guo.
    No sitting prime minister has gone to Yasukuni since Japan's late leader Shinzo Abe did so in 2013, drawing strong criticism from neighboring Asian countries. 
    Beyond Takaichi herself, some Japanese politicians and lawmakers have kept visiting the Yasukuni Shrine, triggering fierce pushback from peace advocates in Japan and the international community, Liu Jiangyong, a professor at the Institute of International Studies of Tsinghua University, told the Global Times, noting that such visits not only reflect the long-standing right-wing stance of Takaichi and other conservative politicians on historical issues, but also lay bare Japan's enduring militarist remnants.
    Also in April, members of the conservative solidarity association, a group of conservatives in Japan's Liberal Democratic Party, and 166 Sanseito lawmakers from the Diet and local assemblies visited the Yasukuni war shrine. 
    In response, Lin Jian, Chinese foreign ministry spokesperson said that China strongly deplores and condemns such acts. 
    "By visiting the Yasukuni war shrine that honors Japanese Class-A war criminals year after year, these Japanese politicians seek to reverse the just verdict on Japanese aggression, and hereby whitewash Japan's war crimes and revive militarism. The Chinese people and people elsewhere who suffered under Japanese aggression will never accept that, neither will anyone in the world who stand for peace. As Japanese neo-militarism keeps gaining strength, the international community must stay on high alert and stand ready to stamp it out before it could wreak havoc in the region," said Lin.
    。

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    Published on:17:20:08


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