Minister of the Economy Roland Lescure appealed to citizens to remain calm and avoid panic-buying fuel at gas stations. Although the escalation of conflict in the Middle East is causing sharp increases in oil prices on global markets, French reserves remain stable. The government has introduced a system of daily consultations with businesses most affected by the energy crisis to continuously monitor the impact of the geopolitical situation on the economy.
Appeal for calm at stations
Minister Roland Lescure assures of supply stability and calls for avoiding panic fuel purchases.
Daily crisis meetings
The French government introduces daily consultations with business to monitor the impact of tensions in Iran on the economy.
Trump's defeat in court
An American judge rejected a request to delay tariff refunds, striking a blow to Washington's fiscal policy.
The geopolitical situation in the Middle East became the main destabilizing factor for global financial and energy markets in March 2026. French Minister of the Economy, Roland Lescure, launched a communication offensive aimed at preventing panic among consumers. He assured that despite drastic increases in commodity prices on stock exchanges, there are currently no rational grounds for private individuals to stockpile fuel. The government administration fears a repeat of past scenarios, where the mass siege of gas stations led to their rapid depletion of operational reserves, causing artificial shortages. Simultaneously, the French government is tightening cooperation with the private sector. Lescure announced that as long as the crisis remains in a high-intensity phase, meetings with federations representing businesses will be held daily. Particular attention is being paid to logistics and maritime transport, which is feeling the effects of tensions in flashpoints such as the Strait of Hormuz. Market experts point out that any blockade of this key transport route immediately translates into higher costs for importing crude oil, which hits carriers' margins and final prices for consumers. The Strait of Hormuz is the world's most important chokepoint for oil transport, through which about one-fifth of total global consumption of liquid petroleum products flows every day.In the United States, the administration of Donald Trump suffered a significant defeat in the domestic justice system. An American judge rejected the government's request to delay procedures related to the refund of tariffs. This decision means the administration cannot artificially withhold payments due to economic entities, which is seen as a victory for the trade sector over the White House's protectionist tariff policy. This conflict deepens uncertainty in transatlantic relations at a time when stable cooperation is crucial for managing supply shocks in the energy market. „Il n'y a aucune raison de se ruer sur les stations-service.” (There is no reason to rush to gas stations.) — Roland LescureOn investment markets, art and technology are becoming alternatives. While classic assets are subject to high volatility, interest in modern Vietnamese art and new models of investing in the music industry is growing, promoted by platforms such as Bolero. For traditional stock market players, the results of the Swiss logistics giant Kuehne+Nagel remain an alarm signal, which admitted that problems in maritime transport have significantly translated into a slowdown in the company's dynamics in the last fiscal year.
Mentioned People
- Roland Lescure — French Minister Delegate for Industry and Energy, assuring there is no risk of fuel shortages.
- Donald Trump — US President, whose administration sought to delay tariff refunds.
- Emmanuel Macron — President of France, mentioned in the context of modifications to the nuclear deterrence doctrine.