Gas prices in Europe skyrocketed on Monday, reaching over $3,900 per 1,000 cubic meters for the first time in history. The April futures at the TTF hub in the Netherlands soared to $3,899 per 1,000 cubic meters, or nearly $374 per megawatt-hour in household terms by 10:00 GMT, according to data from London’s ICE exchange.

The Danish PM warned Russia’s offensive in Ukraine has ‘heralded a new era in Europe’ Denmark’s Prime Minister, Mette Frederiksen, announced on Sunday that the country will hold a referendum on June 1 to scrap the opt-out from the European Union (EU) defense policy, declaring that “historic times call for historic decisions.”

Scott Morrison accuses Russia of forming an ‘arc of autocracy’ to challenge the world order, according to speech excerpts Australian Prime Minister Scott Morrison is set to announce the construction of a new AU$10 billion nuclear submarine base, while warning Australians that Russia’s conflict with Ukraine will “inevitably stretch to the Indo-Pacific.”