France

France faces moderate energy security risks due to its 98% oil import dependency, with nearly all crude sourced internationally and moderate Hormuz exposure. Gasoline prices are elevated at $1.98/L, reflecting the global supply crunch, though the country maintains a robust 88 days of oil reserves. Its significant nuclear power capacity provides a crucial buffer against electricity generation impacts, but high gas dependency remains a vulnerability. The outlook for the coming weeks suggests continued price pressure and a focus on maintaining strategic reserves amidst ongoing supply disruptions.