Roland Lescure is in the news as France’s Minister for Industry, navigating political chaos and energy tensions amid global crises.
Capgemini is beginning to divest its US subsidiary, Capgemini Government Solutions, following scrutiny over its contract with ICE for skip tracing services used in immigration enforcement. The move follows recent police shootings in Minneapolis and growing political pressure from France and US lawmakers demanding transparency.
G7 finance ministers discussed potential measures, including releasing strategic oil reserves, due to rising oil prices linked to Middle East conflicts and US-Israel tensions. No formal agreement was reached, but the possibility of releasing up to 400 million barrels remains under consideration.
On March 11-12, 2026, the International Energy Agency (IEA) coordinated the largest-ever release of 400 million barrels of emergency oil reserves to counter supply shocks caused by Iran's blockade of the Strait of Hormuz amid escalating US-Israel-Iran conflict. Despite this, oil prices surged above $100 a barrel as Iran vowed to keep the strait closed, disrupting about 20% of global oil shipments and threatening global economic growth.
The US Treasury has extended a 30-day waiver allowing the purchase of Russian oil loaded onto ships by April 24, aiming to stabilize global energy markets amid the US-Israeli war on Iran and the closure of the Strait of Hormuz. Meanwhile, the US has ended the waiver for Iranian oil, enforcing a blockade that will force Iran to shutter production soon.
Since February, over 500 million barrels of oil and gas have been removed from the global market due to the Middle East conflict, causing the largest supply disruption in modern history. Countries are shifting to coal and renewables, but long-term impacts threaten energy markets worldwide.