French Economy Feels Cautious Relief Ahead of Iran Talks
But the relief is tempered by the reality that the situation on the ground remains unstable
This article is for subscribers only.
Bonjour et Bienvenue to the Paris Edition. I’m Bloomberg Opinion columnist Lionel Laurent. If you haven’t yet, subscribe now to the Paris Edition newsletter.
Paris, like other parts of Europe, has this week felt mostly cautious relief after the announcement of a (still-shaky) two-week ceasefire in Iran. It signals a potential end in sight for the Hormuz closure that’s pushed up energy prices, darkened the economic outlook and worsened security threats. And also hope for diplomatic solutions as talks get underway, including a potential coalition to help secure Hormuz longer-term backed by Emmanuel Macron, even as he has insisted that “France did not choose this war.”