Gal Luft of the Institute for the Analysis of Global Security said a price cap would be like visiting a shop and asking the seller to accept less money.
"That's not how the oil market works," he said."This is a very sophisticated market, you cannot force the prices down."
"Those Europeans and Americans that are talking about $40 a barrel, what they're going to get is $140 a barrel," Luft warned. Bloomberg, citing people familiar with the matter, has reported that "You cannot trick the laws of supply and demand, and you cannot defy the laws of gravity when it comes to a fungible commodity," he said.
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