BREAKING: Macron convened an urgent emergency meeting over the energy crisis, saying prices at the pump have reached historic levels, that this is "entirely due to the wars and the international context," and above all to the closure of the Strait of Hormuz and the US and Israeli attacks on Iran. Macron says France did not choose this war and did not take part in it, that an agreement between Iran and the US "seems unlikely to us in the short term," and that "we don't hold the key to Hormuz." He is convening a G7 meeting on energy in the coming weeks to coordinate stockpile levels and consider releasing strategic reserves. Energy inflation is surging.

BREAKING: France is running out of fuel. 11% of France's stations nationwide are now out of petrol or diesel, one in nine, with 16% of stations short in Grand Est, 15% in Pays de la Loire, 14% in Occitanie, and 13% in Centre-Val de Loire, per government figures published this morning. The official count only registers a station as short if it has no petrol at all or no diesel at all, so a station out of one grade but holding another is not counted, meaning the real shortage is much larger. French diesel averages €2.406 a litre, about $10.45 a gallon. Europe is facing its worst energy crisis in history.