France Shifts Focus to Electric Power Amid Rising Oil Prices

French Prime Minister Sebastien Lecornu announced a strategic shift in government policy, emphasizing investment in electric power over short-term fuel aid. Bloomberg posted on X that this decision comes in response to the recent surge in oil prices triggered by the conflict in Iran. Lecornu highlighted the importance of supporting households and businesses in transitioning to electric power as a sustainable solution to the energy crisis. The government aims to reduce dependency on fossil fuels and promote cleaner energy alternatives. This move is part of a broader effort to address the economic impact of rising oil prices and ensure long-term energy security for the nation.