Europe's already high gas prices have gyrated since Russian President Vladimir Putin announced plans to have importers pay for Russian natural gas in rubles instead of dollars and euros.
Here's a look at some of the implications of such a move:

Iran offered its support on Tuesday for a ceasefire plan put forward by rebels it backs in Yemen's war, saying it could be an "appropriate platform" for ending the conflict.
The Huthi rebels on Saturday announced the proposal and offered peace talks on condition Saudi Arabia stops its air strikes and blockade of Yemen and removes "foreign forces".

Clashes between U.S.-backed Syrian Kurdish fighters and members of the Islamic State group killed at least three people inside a restive camp in northeastern Syria that houses IS families, local Kurdish authorities and an opposition war monitor said Tuesday.
The clashes broke out late Monday night at al-Hol in Syria's province of Hassakeh, when Kurdish fighters exchanged fire with an IS sleeper cell, according to Shixmus Ehmed, head of the Kurdish-led administration's department for refugees and displaced. He spoke to The Associated Press via voice messages Tuesday.

Israeli security services raided the homes of at least 12 Arab citizens and arrested two suspected of having ties to the Islamic State group in a crackdown sparked by recent deadly attacks, authorities said Tuesday.
Hours before the raid, Prime Minister Naftali Bennett said the recent assaults inside Israel, which killed six people, marked a "new situation" that required stepped-up security measures.

U.S. Secretary of State Antony Blinken was visiting Morocco Tuesday to discuss recent shifts in the diplomatic dynamic in the Middle East and North Africa that could upend some of the region's long-standing disputes.
A day after an unprecedented gathering in Israel's Negev Desert with the Israeli foreign minister and their counterparts from four Arab nations that have normalized relations with Israel, Blinken was holding talks with senior Moroccan officials to look at opportunities for expanding those ties.

Russia's military said Tuesday it would "fundamentally" cut back operations near Ukraine's capital and a northern city, potentially a significant concession by Moscow since it invaded its neighbor more than a month ago.
Deputy Defense Minister Alexander Fomin said the move was meant "to increase trust" in talks aimed at ending fighting, as negotiators met face-to-face after several rounds of failed negotiations. But Russia's troops have been bogged down and struggling to make major advances recently.

Pedro Castillo, Peru's embattled president, avoided joining the South American nation's list of impeached leaders as opposition lawmakers failed to get enough votes to remove him from office eight months into his term.
Castillo, a political neophyte who shook the country when he defeated the political elite to become president, survived his second impeachment attempt. He characterized the accusations against him as speculation and argued that none could be substantiated.

Hong Kong's deadliest coronavirus outbreak has cost about 6,000 lives this year – and the city is now running out of coffins.
Authorities have scrambled to order more, with the government saying 1,200 coffins had reached the city last week with more to come.

The day after slapping Chris Rock on the Oscars stage and upending the 94th Academy Awards, Will Smith issued an apology to the comedian, to the academy and to viewers at home, saying he was "out of line" and that his actions are "not indicative of the man I want to be."
The fallout from Smith's actions during Sunday's ceremony continued Monday as Hollywood and the public continued to wrestle with a moment that stunned the Dolby Theatre crowd and viewers at home. The Academy of Motion Pictures Arts and Sciences condemned Smith striking Rock, who had made a joke about his wife, Jada Pinkett Smith, and said it would launch an inquiry.

Hundreds of workers marched with the red flags of the labor unions and chanted anti-government slogans in India's capital on Tuesday as part of a two-day nationwide strike that began Monday.
The demonstration was held at Jantar Mantar, an area of New Delhi close to Parliament that is often used for protests. Protesters said economic policies under Prime Minister Narendra Modi's government were hurting workers and the country's vast unorganized sector.
