WORLD NEWS: before talks between the United States and Iran, Tehran denounces an absence of “serious commitment to a diplomatic process” on the part of Washington
In breaking news, the following story has emerged from the international scene.
Michel-Edouard Leclerc judges that the energy crisis could prolong and prices remain high until winter While oil prices soared again on Monday after the renewed tensions between Washington and Tehran, the president of the strategic committee of the E. Leclerc centers, Michel-Edouard Leclerc, declared on Europe 1, Monday, that the price of fuels will not “fall[it] not soon.” “It won’t go down anytime soon and if it does go down, what I hope is for it to be serious because for the moment it’s yo-yoing,” he said. “It is impossible even today for an operational person, for a distributor, for a buyer to have a purchasing plan,” explained the representative of the leading food distributor in France, referring to “volatilities of 60 cents sometimes in a week on a liter.” “We talk about a liter of gasoline, but in fact it is a liter of oil from which we make both diesel and kerosene” and, “on these secondary markets, it also floats,” he added. Will we return to pre-war prices in the Middle East? “I don’t sense anything there,” replied Mr. Leclerc. “Between everything they destroyed, the blocked boats (…), we have at least six months, perhaps until next winter, of energy crisis ahead of us.” Ten days ago, while talks between the belligerents were taking shape, Mr. Leclerc had foreseen a gradual drop in prices at the pump “by 10 to 15 euro cents”, while remaining cautious. On Saturday, the government called on distributors to lower these prices after a drop in oil prices last week, threatening a decree to cap margins. “This is not what will bring prices down,” said Mr. Leclerc, while the government is due to bring together representatives of distributors on Monday, who are pleading for the suspension of energy savings certificates. This would make it possible to “reduce the price of gasoline by around 15-17 cents” from “tomorrow”, he assured.
Analysis and Perspective:
Experts suggest this event marks a turning point that may influence policy decisions worldwide.
World leaders are expected to respond to these developments in the coming days.
Stay tuned for more updates as this story continues to unfold.
Source: This article was originally published in another language by International : Toute l’actualité sur Le Monde.fr. and has been translated and adapted for our global English-speaking audience. Read the original article here.