At the very least, that middle man is going to want severe discounts both to make a profit and to compensate for the risk of violating a UN sanction.
And oil flows can still be largely monitored. So it’s doubtful they could get away with much.
and if they middle man understands nobody else is going to be offeing more than the cap. They can position their bid to the lowside.
And oil flows can still be largely monitored.
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Those monitoring will look the other way to get cheaper oil.
Good luck trying to defeat economics.
and if they middle man understands nobody else is going to be offeing more than the cap
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Wow! Thanks for letting me know that communism can work! You finally found how.