Euro slides under $.99 following Russia halts gasoline materials to Europe

Euro slides under $.99 following Russia halts gasoline materials to Europe


10 and 5 euro notes.

Adrien Fillon | Nurphoto | Getty Pictures

The euro has fallen under $.99 for the to start with time in 20 yrs following Russia stated it would shut off its principal fuel supply pipeline to Europe indefinitely.

At 7.30 a.m. London time Monday, the euro was buying and selling at .9898 as opposed to the dollar, just off lows of around .9881 hit before in the early morning.

The dollar index, which actions the buck versus six big currencies, breached a refreshing two-10 years significant as the British pound slid on fears above electrical power source and European financial expansion. 

On Friday, Russian power supplier Gazprom announced it would not resume its source of pure gasoline to Germany by the essential Nord Stream 1 pipeline, blaming a malfunctioning turbine.

This is a breaking information tale and will be up to date shortly.



Source

European stocks poised to open higher as easing oil prices boost global sentiment
World

European stocks poised to open higher as easing oil prices boost global sentiment

People visit a lookout point in Greenwich Park, with the Canary Wharf financial district in the distance, during sunny weather but cold weather in London, U.K., on Jan. 2, 2026. Henry Nicholls | Afp | Getty Images European futures data pointed to a positive open for regional equities on Friday, as easing oil prices lifted […]

Read More
UAE mulls freezing Iranian assets as Middle East conflict escalates: WSJ
World

UAE mulls freezing Iranian assets as Middle East conflict escalates: WSJ

The Damac Heights real estate development, right, in the Dubai Marina in Dubai, United Arab Emirates, on Friday, Feb. 20, 2026. Bloomberg | Bloomberg | Getty Images The United Arab Emirates is considering cutting off Iranian access to billions of dollars held in the Gulf state, the Wall Street Journal reported Thursday. The move could […]

Read More
U.S. offers India a 30-day waiver for buying Russian oil as Iran war deepens energy supply worries
World

U.S. offers India a 30-day waiver for buying Russian oil as Iran war deepens energy supply worries

This photograph shows a page on the Marinetraffic website thats shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast on March 4, 2026. Julien De Rosa | Afp | Getty Images After slapping 25% “penalty” tariffs on India for buying Russian crude — revoked last month — the […]

Read More