FRENCH PRESIDENT MACRON SAYS MUST REOPEN HORMUZ IN GOOD ORDER, NOT BLOCKADES

French President Emmanuel Macron emphasized the need to reopen the Strait of Hormuz in an orderly manner, opposing any form of blockade, amid heightened regional tensions affecting global energy flows. The comments signal diplomatic efforts to stabilize the critical chokepoint for oil shipments, directly impacting risk premiums in crude oil markets via the supply disruption channel. Brent and WTI futures, along with shipping and insurance rates for vessels transiting the Persian Gulf, are particularly exposed due to reliance on uninterrupted passage through the strait. A key near-term catalyst will be the outcome of multilateral talks involving Gulf states and Western powers, which could ease congestion risks or, if stalled, reignite freight cost spikes.

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