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Gulf nations commit fuel support to France
Gulf countries, the United Arab Emirates and Bahrain, made commitments to provide approximately 200,000 tons of diesel per month to France, aiming to secure the French market's needs and reduce the surge in fuel prices. This came during French President Emmanuel Macron's tour of the Gulf, where he received pledges to supply France with additional diesel quantities to address disruptions in the energy market and their effects caused by the war in the Middle East, especially amid rising fuel prices and France's heavy reliance on imports. The total Gulf commitments, which also include pledges from Saudi Arabia and Kuwait, amount to more than 295,000 tons per month—equivalent to about 30% of France's monthly oil product imports. This move comes at a time when France is facing rising diesel prices and security challenges in the region, with the government seeking to diversify supply routes and reduce dependence on the Iranian Strait, in addition to efforts to bolster national reserves and ease pressure on consumers.
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