What’s the Right Price for Russia’s Oil?

The G7 countries, a bloc that includes most of the world’s largest developed economies, have agreed in principle to cap the price of oil coming from Russia in response to Putin’s invasion of Ukraine. But a crucial question remains: What should that price be? Negotiation expert Prof. Barry Nalebuff argues that setting it either too high or too low could lead to failure and defeat the effort to make Putin pay for his aggression.