Macron Summons G7 Leaders on Iran as Oil Plunges 11%
Facing the Iranian crisis and volatile oil markets, Emmanuel Macron convenes Group of Seven leaders. Petrobras prepares a diesel auction to ease Brazil's supply issues.
| Countries | France, États-Unis, Brésil, Iran, Israël |
|---|---|
| Companies | Petrobras |
| Sector | Pétrole, Gazole |
| Theme | Politique & Géopolitique, Sécurité énergétique |
France, which currently holds the Group of Seven's rotating presidency, announced that Emmanuel Macron will hold a teleconference with G7 leaders on Wednesday to discuss the Iranian crisis and rising energy prices. Crude prices reached their highest levels in nearly four years on Monday before retreating 11 percent the following day. The correction came after statements by U.S. President Donald Trump suggesting a possible end to Middle East tensions.
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