Paris reportedly wants sanctioned Iranian and Venezuelan crude to return to the global market The French government wants to replace Russian oil by allowing sanctioned crude from Iran and Venezuela to return to the global market, news agencies reported on Monday, citing President Emmanuel Macron’s office. France also wants a proposed mechanism to cap the price of oil to be as broad as possible and not limited to Russian exports, Reuters cited an official at the Élysée Palace as saying. The statements come as the G7 group of nations, which consists of the US, Canada, France, Germany, Italy, UK and Japan, are meetin
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