Live Updates > Live Update Details
2026-09-19 08:20:12
[Macron: US and Iran Unlikely to Reach Agreement on Strait of Hormuz in the Short Term; EU Needs to Take Action on Energy] ⑴ French President Emmanuel Macron stated that France will push the EU to take action on energy issues. ⑵ He believes that the US and Iran are unlikely to reach an agreement on the Strait of Hormuz issue in the short term. ⑶ Macron stated that the sharp rise in fuel prices in recent weeks has created a difficult situation for French citizens and families. ⑷ Fuel prices at French gas stations have risen to historic highs, causing considerable hardship and exacerbating purchasing power problems. ⑸ Natural gas prices are equally worrying as the overall energy situation, and these situations are entirely caused by war and international tensions. ⑹ France hopes to take action at the EU level and will communicate with the President of the European Commission on this matter. ⑺ From a market sentiment perspective, high energy costs in Europe are continuing to suppress consumption and industrial activity, and expectations for policy responses are rising. ⑻ The next steps need to focus on whether the EU can introduce coordinated measures and the actual impact of the Hormuz situation on supply expectations.
