The kingdom’s actions are not a violation of sanctions.

Whether they $60 a barrel price cap will continue to work in the long run is an open question though.

The $60 price cap was designed to limit Russian oil revenues, while keeping the oil itself flowing to avoid a global price shock.

An EU diplomat is considering a $65 to $70 per barrel price cap on oil from Russia. But some nations want a more punitive target.

Experts say buy-in from China and India would be key to making the policy work.

Advanced nations will evaluate the idea in an effort to limit Russia’s energy revenue. But Russia could retaliate.