Keep an eye on developments after tomorrow's G7 finance ministers meeting. There's a fair amount of press about the plan for imposing an oil price cap on Russia. If Russia ends up not supplying oil to countries with a cap, this may have a huge impact on the oil market, which may effect inflation. Some believe Russia may simply limit oil production as a result of price caps, which would send barrel prices sky high.
Here are a few articles:
https://news.antiwar.com/2022/09/01/us-allies-prepare-to-outline-russian-oil-price-cap-plan/
https://edition.cnn.com/2022/09/02/business/russia-oil-price-cap-g7-intl-hnk/index.html
Anything that could significantly increase inflationary pressures is worth following. Hope this info is helpful.
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