On Friday Western officials will lay out their plan for a cap on the price of Russian oil

Wall Street Wall Street Wall Street is part of the Financial District in New York City and one of the most iconic streets in the world. It is synonymous with US financial markets, and home to the world’s two largest stock exchanges by market capitalization – the New York Stock Exchange and NASDAQ.The area is also home, be it presently or historically to many other key exchanges. This includes the New York Mercantile Exchange, the New York Board of Trade, the New York Futures Exchange (NYFE), and the former American Sto Wall Street is part of the Financial District in New York City and one of the most iconic streets in the world. It is synonymous with US financial markets, and home to the world’s two largest stock exchanges by market capitalization – the New York Stock Exchange and NASDAQ.The area is also home, be it presently or historically to many other key exchanges. This includes the New York Mercantile Exchange, the New York Board of Trade, the New York Futures Exchange (NYFE), and the former American Sto Read this Term Journal with the report (may be gated)

• U.S., Allies Prepare to Outline Plan to Limit Price of Russian Oil
  Western nations will set out a plan Friday to reduce Russian energy revenues without increasing global oil prices

The Journal cites people familiar with the matter. Under the plan:

• G-7 nations would bar financing and insuring Russian oil shipments unless the oil is sold below a set price
• “Our goal here is to create a permission structure that allows Russian oil to flow but reduces their revenues,” Deputy Treasury Secretary Wally Adeyemo said in an interview Wednesday.

The plan would also aim at not increasing the price of oil on the market.