Brussels will be reluctant to impose a cap that could jeopardize the bloc's gas supplies and incentivize consumption this winter, even if it means leaving EU states exposed to high costs and further Russian cut-offs.
With its natural gas exports to Europe now nearing zero, Moscow may start targeting the continent's maritime oil and gas industry via cyberattacks and physical strikes.
Russia's suspected sabotage of the Nord Stream pipelines will sever the country's energy trade with Europe this winter.
The apparent pipeline attack signals Russia's willingness to sever Europe's gas supplies this winter, which would have lasting economic consequences even if European leaders are able to mitigate the short-term impact.
A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.
Whether the G-7 price cap succeeds hinges on global participation, but as participation rises, so do the odds of the West's nightmare scenario: Russian oil export curbs.
While the currency's continued depreciation underscores the U.K.'s current economic problems, the country is unlikely to enter a full-blown financial crisis in the near future.
If the gas pipeline remains shuttered, Europe will likely have little choice but to coordinate demand reduction efforts to avoid even more dire energy shortages this winter.
The unilateral filling of the Grand Ethiopian Renaissance Dam (GERD) risks setting a dangerous precedent for how the region's increasingly scarce water supplies will be governed.
The episode will add greater impetus among stakeholders in Iraq, including Iran, to resolve the country's nearly year-long political crisis. But in the meantime, more militia violence and unruly protests are likely.
