Macron lands two hundred thousand tonnes monthly

French President Emmanuel Macron secured delivery of an additional two hundred thousand tonnes of diesel per month from the United Arab Emirates and Bahrain during a Gulf tour.

Split between UAE and Bahrain

Macron obtained commitments for around one hundred thousand tonnes per month from the Emirates, while an additional one hundred thousand monthly tonnes will be secured during his stop in Bahrain.

Violent protests over living costs

Macron is undertaking a tour of key energy suppliers in the Gulf in an effort to secure oil and diesel supplies and bring down prices in France, following a weekend of violent protests sparked by…

TotalEnergies chief backs the deals

Patrick Pouyanné, head of French oil giant TotalEnergies, who is accompanying Macron on the trip, said the deals would reassure the French.

“reassure the French”

France releases ten million barrels

France has also released ten million barrels of diesel from its reserves, with the aim of cutting prices by twelve to eighteen cents, or around five to eight percent, from next month.

Total commitments reach two hundred ninety five thousand tonnes

With the addition of deliveries from Saudi Arabia, France has commitments for two hundred ninety five thousand tonnes per month, representing around ten percent of its consumption.

US-Iran war disrupts Gulf energy

Macron's four-day trip includes stops in the UAE, Bahrain, Kuwait and Qatar, all thrown into turmoil since February by the United States-Iran war. Crude oil prices have soared during the eight-month conflict.

Iran blockades Strait of Hormuz

Iran blockades the Strait of Hormuz, the main exit route for the Gulf's energy exports.

Kuwait supplies overseas territories

Kuwait has given very clear commitments to deliver diesel and kerosene to the French overseas territories of Mayotte and Reunion in the Indian Ocean.The shipments will be sent via Oman, bypassing the Strait of Hormuz.

Talks on maritime insurance costs

Talks are under way with countries in the region to bring down maritime insurance prices so that companies can ship greater quantities through the strait at lower cost.

France and UK plan Hormuz reopening

France and the United Kingdom have assembled an international mission to help reopen the Strait of Hormuz mainly through de-mining operations once the US and Iran reach an agreement.The two sides remain at an impasse.

Macron discusses Gulf defence ties

Macron will also hold talks on defence cooperation after the Gulf countries were targeted by thousands of Iranian missiles and drones. France deployed its aircraft carrier Charles de Gaulle to the region in the spring.