Paris:French President Emmanuel Macron expressed his concerns about a potential US ban on diesel exports, warning that such a move would likely lead to increased fuel prices. He described the decision as "bad" during an interview with French broadcasters TF1 and France 2. Macron mentioned that he had conveyed his concerns to US President Donald Trump during their meeting at the UN General Assembly.
According to Anadolu Agency, Macron emphasized that France does not depend directly on American oil. However, he noted that a US diesel export ban could still lead to price hikes. France is taking proactive measures to avoid fuel shortages, especially given the current disruptions linked to the blockade of the Strait of Hormuz.
Macron assured that France has replenished its gas stocks and maintains oil reserves. He mentioned plans to continue securing fuel supplies and proposed convening G7 countries to consider releasing strategic reserves if necessary to alleviate market pressures. Additionally, France will deploy military resources to protect a critical energy site in Saudi Arabia.
The discussion of a diesel export ban comes amid record-high fuel prices in the US. While Trump has indicated support for restricting diesel exports, US Energy Secretary Chris Wright has expressed skepticism, suggesting that a ban could inadvertently increase gasoline and jet fuel prices.
In a related security context, Macron addressed concerns about potential Russian threats, denying reports that the CIA had warned French intelligence of a possible Russian drone attack on southern France. He acknowledged the possibility of an attack, citing Russia's increasing hostile activities against European nations and signs of renewed mobilization. Reports of potential drone operations targeting Spain, France, or Italy, though unconfirmed, underscore the current security challenges faced by European countries.