Overview
- Macron, speaking Saturday in Athens, said France does not foresee a fuel shortage and urged people to avoid panic buying.
- TotalEnergies CEO Patrick Pouyanné warned Friday that a continued Hormuz shutdown for two or three months could push France into an energy shortage.
- The Strait of Hormuz carries roughly one‑fifth of global oil and liquefied natural gas, and shipping there has been largely frozen since late February.
- French pump data showed limited disruption Saturday with about 2.8% of stations reporting outages, while the oil industry group UFIP said prices will stay extremely high while the strait remains blocked.
- Energy specialists cautioned that refined products like diesel and jet fuel could run short before crude, and Pouyanné urged new pipeline routes after reporting a roughly 15% hit to TotalEnergies’ Middle East output.