Propos introductif du Président de la République lors de réunion du G7 sur les conséquences économiques de la guerre au Moyen-Orient

Analytical Studies
Summits > 2026 Evian Summit | Road to the 2026 Evian Summit

March 11, 2026
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On our conversation today on what we can do together to deal with the global economic consequences of the situation in the Middle East. It's now been 11 days since the operation started against Iran to end their nuclear and ballistic program, and we all face the same global economic consequences, and for this reason I think it's very important we remain closely coordinated, which was done by our ministers during the past two days, and I want to thank you for that.

So I propose we focus our discussions on three points. First, to have an update of the current situation and the next steps, and Donald, this is a chance and the opportunity to have you here in order to have an update on the ongoing strikes and what's happening on the ground.

Second, I think it's important we coordinate in order to make sure that freedom of navigation is clearly restored in all the straits as soon as possible, but also to be prepared to as well preserve freedom of navigation in Red Sea and Bab el-Mandeb, which is as well very sensitive and we know how much sensitive it is, and we are ready to clearly reactivate some operations we had years ago.

And the third topic of our discussion should be about the economic coordination. We just announced some common measures to release of our strategic stockpiles, and thanks to the coordination of the G7, we had a good working session at the International Agency for Energy, and it was decided to release 400 million barrels, which is the equivalent more or less of 20 days of the volumes being exported through Strait of Hormuz. G7 represents 70 percent of this announcement, and it will be based on national implementation when we regard the execution of this decision.

I think it's very important to see as well everything we can do in order to increase our global production, and as well to engage with third parties to avoid any type of export restrictions for oil and gas. Which could destabilize the market and create more volatility on this one, and it's very important with third parties. I don't want to be longer. I suggest we focus our discussion around these three topics. The situation in Iran, the Middle East, and the days and weeks to come. Strait of Hormuz and freedom of navigation, and the way to address economic consequences, if you all agree. And Donald, if you agree, I give you the floor.

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Source: Elysée

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