Macron says energy firms are not excessively profiting from Iran conflict
Updated
Updated · Bloomberg · May 4
Macron says energy firms are not excessively profiting from Iran conflict
6 articles · Updated · Bloomberg · May 4
Speaking after a summit in Armenia, the French president said this included TotalEnergies, while warning EU members could respond if companies later drove prices higher.
He said no producers in finance or elsewhere were deliberately pushing up prices despite the energy crisis linked to the Hormuz Strait bottleneck.
Macron said the priority was to reopen the strait to the world, arguing the blockage of energy flows, not corporate profiteering, was the root cause of current price pressures.
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