France to Convene G7 Energy Summit, Macron Says
French President Emmanuel Macron has directed his government to establish a national protection plan safeguarding critical infrastructure and sensitive defense-industrial sites from intensifying Russian drone and cyber threats. Macron also announced France will convene a Group of Seven (G7) energy meeting to address soaring crude oil prices driven by the US-Iran war and Middle East pipeline…
President Emmanuel Macron announced on Friday that France would convene a G7 meeting focused on energy issues in the coming weeks, as fuel prices surge due to the US-Iran conflict. The summit aims to strengthen cooperation among G7 nations and avoid unnecessary tensions with key partners. Additionally, Macron hinted at the possibility of releasing strategic reserves to alleviate the energy crisis.
The president's comments came after he met with presidential hopefuls and party leaders ahead of the upcoming elections, which he cannot participate in due to his two-term limit. Crude oil prices have risen by around 20% this month, primarily driven by the ongoing tensions between the US and Iran, and Saudi Arabia's suspension of a major pipeline due to Houthi attacks in Yemen.
Macron emphasized that the recent price hike is not a result of government decisions but rather a consequence of the geopolitical situation. He assured that support measures currently in place will be reviewed and adjusted to better address the public's concerns. Before implementing costly measures, the government seeks to focus on tackling the root causes of the energy crisis.
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