Emmanuel Macron announces a G7 meeting dedicated to energy, amid rising fuel prices

French President Emmanuel Macron announced on Friday that Paris will host a meeting of G7 leaders dedicated to energy issues in the coming weeks. The initiative comes amid a sharp rise in fuel prices, against the backdrop of the conflict between the United States and Iran and concerns about its geopolitical impact on markets.

Macron said the meeting would aim to strengthen cooperation among G7 countries and avoid unnecessary tensions with key international partners. The leaders are also expected to examine options for the possible release or unlocking of strategic energy reserves.

The remarks were made after Macron convened a meeting with presidential candidates and party leaders ahead of elections scheduled for next spring. The French president is no longer eligible to run after completing his two constitutionally permitted terms.

In France, the government is trying to contain social discontent amid the worsening economic situation and rising cost of living. Macron argued that the price increases were not caused by government decisions but by the geopolitical situation. He announced that existing support measures would be reviewed and adjusted, while warning that costly solutions could lead to a larger deficit or additional taxes.