CNN CNN Newsroom Live April 1, 2022 08:36:00
The oil markets look like in the wake of biden's announcement. brent crude down 5%. about $105 a barrel. in the last two months oil has gone from under $100 a barrel up to $130 and back again under $100. meanwhile, moscow is threatening to cut off its gas supplies to european countries unless they pay in rubles. have a look at this map here. you can see the pipe luns from russia to europe. unfriendly nations must pay in rubles or contracts will be suspended with the new rules set to take effect today. eu officials say they won't be black mailed. they will stick to existing agreements in euro...