Macron secures diesel deals on Gulf visit as fuel prices stoke unrest in France
Summary
French President Emmanuel Macron secured deals to receive an extra 200,000 tonnes of diesel each month from the United Arab Emirates and Bahrain. These new supplies, along with existing commitments from Saudi Arabia and Kuwait, aim to help reduce fuel prices in France amid recent protests caused by rising living costs.Key Facts
- Macron obtained 100,000 tonnes of diesel per month from the UAE and another 100,000 tonnes from Bahrain.
- France now has commitments for 295,000 tonnes of diesel monthly, covering over 10% of its consumption.
- Saudi Arabia and Kuwait are also providing diesel and kerosene supplies to France, including fuel for overseas territories.
- Kuwait’s shipments will be routed through Oman to avoid the Strait of Hormuz, a key but risky shipping route.
- The Gulf region is experiencing supply difficulties because of increased tensions and a war between the US and Iran.
- Crude oil prices have risen sharply due to the Iran blockade of the Strait of Hormuz.
- The Group of Seven (G7) countries, led by France in 2026, agreed to release oil from their emergency reserves to help lower prices.
- France is working with Gulf countries to reduce shipping insurance costs, making it cheaper to transport fuels through the region.
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