What is Macron's position on whether energy companies are making undue profits from the Hormuz Strait crisis?

Macron stated that 'today, there aren’t producers — whether in the financial sector or elsewhere — who are deliberately driving prices up,' and emphasized that the root cause of rising energy prices is a 'bottleneck that is blocking our energy,' calling for the Strait of Hormuz to be reopened to the world.

Under what conditions did Macron say European countries would intervene regarding energy company profits?

Macron said European countries would respond 'if there were excessive profits or somewhat predatory or speculatory behaviors,' clarifying that such intervention would only occur if those conditions materialized.

Macron Says Companies Aren’t Making Undue Profits on Iran War

May 4, 2026

French President Macron stated energy companies are not exploiting the Iran war for undue profits, though EU finance ministers have previously urged taxing windfall gains amid soaring oil prices affecting firms like TotalEnergies.

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