U.S., Europe working out details on Russian oil price cap -U.S. official

FILE PHOTO: An oil tanker sails into New York Harbor as it arrives at the Port of New York and New Jersey following the Russian invasion of Ukraine, in Staten Island, New York City, U.S., March 10, 2022. REUTERS/Mike Segar

The United States is holding "detailed discussions" with the European Union and United Kingdom to iron out specifics of a price cap on Russian oil, National Security Adviser Jake Sullivan said on Wednesday.

"That is not a process that will be completed in days. It will take time because of the number of elements that have to be worked through," Sullivan told reporters aboard Air Force 1 as President Joe Biden made his way to the Middle East.

(Reporting by Ari Rabinovitch)