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Prices for natural gas in Europe surged on Wednesday after Russian energy giant Gazprom announced plans for further cuts to supply volumes via the Nord Stream pipeline. Futures on the Netherlands-based TTF trading hub climbed over $1,300 per 1,000 cubic meters, marking a surge of nearly 25%.

The United Arab Emirates (UAE) has introduced a four-month halt to exports and re-exports of wheat and wheat flour produced in India, state news agency WAM reported on Wednesday, citing the country’s Economy Ministry.