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France, Italy, Germany Count Losses Amid Oil Price Surge from Iran Crisis
April 21, 2026
Posted 2 hours ago by
Potential losses to the French economy due to the crisis caused by the attack by the United States and Israel on Iran are estimated at four to six billion euros, French Minister of Economy and Finance Roland Lescure said on RTL radio station. But this is not certain, the minister clarified that this estimate range is preliminary and broad. He also added that the French government is considering measures to reduce the negative impact of the conflict on the republic's economy, TASS reports.
What exactly these measures consist of, Monsieur Lescure did not specify. A similar assessment was also contained in a letter that Prime Minister Sébastien Lecornu sent to members of the government. Excerpts from it were published by the newspaper Le Monde. Lecornu demanded that ministers ensure additional savings of six billion euros, of which two billion would come through social insurance.
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