The euro dropped to the lowest level in two decades on Monday after Russia abandoned a deadline to resume supply of natural gas to Germany through a key pipeline.
FOX Business' Grady Trimble reports from a gas station in Chicago.
Russia abandoned a Saturday deadline to resume supply of natural gas to Germany through a key pipeline — the Nord Stream 1 — after shutting it down earlier this summer for annual maintenance. The decision from Russian energy supplier Gazprom came hours after the Group of Seven nations agreed on a plan to impose a price cap on Russian oil.
"Until the issues on the operation of the equipment are resolved, gas supplies to the Nord Stream gas pipeline have been completely stopped," Gazprom said in a statement.
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