By Muhammad Mamman
France has called for an emergency meeting of the United Nations Security Council amid escalating tensions between the United States and Iran, warning that further confrontation could trigger a sharp spike in global energy prices and plunge the world economy into crisis.
French diplomats said the urgent session aims to de-escalate hostilities and prevent the conflict from expanding across the Middle East, a region critical to global oil and gas supplies. Officials expressed concern that disruptions to shipping routes and energy infrastructure could lead to dramatic increases in fuel prices, compounding existing economic pressures worldwide.
The move comes amid intensifying rhetoric and fears of military escalation between Washington and Tehran. Analysts warn that any sustained disruption in the Strait of Hormuz — a vital corridor for global oil shipments — could severely impact international markets.
In diplomatic circles, concerns are also mounting over the potential economic fallout for Western companies operating in the Middle East. Some regional analysts have claimed that, in a worst-case scenario, European and American corporate assets in the region could face unprecedented risks running into trillions of dollars if the conflict spirals.
France, a permanent member of the Security Council, is expected to push for immediate restraint, renewed diplomatic engagement, and confidence-building measures between both sides.
“The priority is to avoid a broader regional war that would have devastating humanitarian and economic consequences,” a French official familiar with the discussions said.
The United Nations has yet to announce a confirmed date for the emergency session, but diplomats say consultations are under way.
Markets are closely monitoring developments, with investors wary of volatility in oil prices and global supply chains should tensions continue to rise.
