The visit to the UAE, Bahrain, and Qatar follows a weekend of violence in France where diesel prices averaged €2.36 a liter and Brent crude traded near $108 a barrel. Internal security reports indicate rioters in Paris, Marseille, and Lyon have used AK47s and Scorpion submachine guns as the unrest escalates. While the Prime Minister chairs a crisis meeting to manage the violence, over 2,000 people have been detained following protests by 550,000 citizens and the looting of 1,500 shops.
Tuesday, October 20, 2026
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Macron Pursues UAE Oil Routes After France Riots Turn Armed
Commodities1 day ago
French President Emmanuel Macron met with Mohammed bin Zayed in the Emirates to secure additional oil and diesel shipments to combat a domestic cost-of-living crisis. Accompanied by CEOs from TotalEnergies and Engie, Macron is advocating for fuel supply routes that bypass the Strait of Hormuz, specifically pushing for the use of the UAE’s pipeline to Fujairah. The Élysée stated the objective is to obtain higher volumes of energy to indirectly lower fuel prices, which have been driven up by the U.S.-Iran war.
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