Macron calls emergency G7 meeting as energy prices spike and Russian hybrid threats mount

French President Emmanuel Macron said Friday he will convene a G7 meeting in the coming weeks to address skyrocketing global energy prices, including the possible release of strategic oil stocks. The announcement followed a rare crisis meeting at the Elysée Palace where intelligence chiefs briefed political leaders about threats from Russia's war in Ukraine and the Middle East conflict, both driving fuel prices to new highs in France. Macron warned there is no quick fix and said the government was preparing targeted assistance, as a €54 billion budget squeeze planned for next year limits its capacity to subsidize energy bills.