Remix News | October 19, 2026

France’s fuel shortages persisted Monday, with roughly 14 percent of the country’s service stations reporting at least one product out of stock and hundreds completely dry, as diesel prices hovered near multi-year highs and President Emmanuel Macron began a Gulf tour aimed at securing additional supplies.

Official data from the Economy Ministry showed 14 percent of stations nationwide facing shortages of diesel or gasoline as of 9 a.m. Monday, up from 10 percent on Saturday.

Independent trackers drawing on the same government feed reported more than 1,600 stations with at least one temporary shortage and several hundred that had run completely out of the fuels they normally sell. Diesel was among the products affected, with median prices around €2.35–€2.36 per liter.

The disruptions have been most acute at TotalEnergies stations, which have capped prices at €1.99 per liter for gasoline and €2.25 for diesel since July.

More than half of the company’s roughly 2,300 sites have reported shortages in recent days, according to data analyses, as drivers seek the cheapest fuel and inventories run low. Regions including the Grand Est, Île-de-France and Normandy have been among the hardest hit.

The shortages are rooted in global market tightness linked to disruptions in the Strait of Hormuz amid conflict involving Iran, which has constrained refined product flows, particularly diesel. However, Ukraine’s ongoing strikes against Russian refineries have also played a key role.

France and other G7 members agreed earlier this month, under French chairmanship and with International Energy Agency coordination, to release up to 100 million barrels of emergency oil and diesel stocks. France is drawing down 10 million barrels of its own diesel reserves over three months, with the government estimating the move could cut pump prices by 12 to 18 cents per liter starting around Nov. 1.

TotalEnergies has separately pledged reductions of roughly 8 to 12 cents at its stations over the same period.

Macron arrived in Kuwait on Monday for a three-day tour that also includes the United Arab Emirates, Bahrain and Qatar. The Élysée said the goal is to secure additional diesel and oil volumes and explore alternative shipping routes, with senior executives from TotalEnergies and Engie accompanying him.

A presidential adviser said that the aim is “additional volumes and more supplies for the French people, which will indirectly have an effect on prices.” Macron has linked the price surge to the Hormuz disruptions and maintained the trip despite the weekend’s violent cost-of-living protests, during which fuel prices were among the grievances cited by demonstrators.

Prime Minister Sébastien Lecornu has said the reserve release should begin easing prices from Nov. 1 and that electricity bills will not rise this winter. Opposition figures have called the plan insufficient or a “scam,” arguing it does little to address longer-term vulnerabilities or the immediate empty pumps. The government has maintained that strategic stocks remain adequate and that the main issue has been logistics and distribution under high demand.

Drivers across multiple regions reported long searches for open pumps over the weekend, with some stations posting “out of stock” signs for diesel. The combination of high fuel prices and shortages has added to broader cost-of-living pressures that [have fueled] large demonstrations and mass riots on Oct. 17, which turned violent in several cities.

With little more than two weeks to go until the midterm elections, it seems increasingly possible that the Democrats, already a big favorite to win control of the House of Representatives, will also take charge of the planet's most elite nursing home, the United States Senate, where the median age is 64 years old. RealClearPolitics' poll aggregator has moved control of "the world's greatest deliberative body" (as its members are grandiosely wont to call it) to "toss up," status and prediction markets are now breaking big toward a blue wave. As of this writing, Kalshi has its Senate odds at 63 percent for the Dems vs. 37 percent for the GOP; Polymarket is at 62 percent vs. 39 percent.

As gratifying as it might be to see unprincipled Trump enablers reduced to minority status after signing off on economy-wrecking tariffs, inhumane immigration detentions, and wars of choice, there's at least one good reason to dread a Democratic majority too: Sen. Elizabeth Warren, the Massachusetts progressive who is spending the run-up to the midterms freaking out over possible consolidation in the condiments business and accusing private equity firms of gutting such shopping-mall favorites as Claire's and Toys R Us. There's every reason to believe that a Senate run by Warren and other economic interventionists will waste time, money, and resources trying to prevent a world in which, per the X wag Iowahawkblog, "a panopticon conglomerate owns two brands of hot sauce."

On October 13, Warren posted this dire warning to X:

Hellmann's mayo
McCormick spices
Cholula hot sauce
Frank's RedHot

What do these products have in common? One company could soon control them all.

I have concerns that McCormick and Unilever's $45 billion merger could increase YOUR grocery prices.

— Elizabeth Warren (@SenWarren) October 13, 2026

It's hard to think of a more competitive and varied market than the one for hot sauces, which is expected to more than double over the next decade. The barriers to entry are generally low, as are the key ingredients, and new entrants can easily market and sell online, avoiding the costs of buying shelf space in conventional supermarkets. Yet Warren is urging regulators at the Department of Justice and the Federal Trade Commission to halt mergers of both product makers like McCormick and Unilever and grocery stores like Kroger and Giant Eagle.

The latter complaint is particularly picayune. Kroger is one of the country's largest supermarket chains, operating around 2,800 stores under its own name as well as Harris Teeter, Ralph's, and others. Giant Eagle operates about 170 stores. This merger is no more the stuff of nightmares than a single company producing both Cholula and Frank's RedHot. If Warren gains more clout from being in the majority, expect her to butt in more and more on such mergers.

Making it harder for businesses to adapt is not a recipe for making goods and services more affordable. But Warren is keen to blame economic creative destruction not on "new forms of industrial organization that capitalist enterprise creates" (as Joseph Schumpeter would have it), but on pure greed. In a TikTok released earlier this month, she shows a poster board with corporate logos from once-thriving companies that she says have been "gutted" by "private equity" firms.

"Here's your local mall," she piously intones. "Now, private equity wants you to believe that Red Lobster went bankrupt because of their endless shrimp….They want you to believe that Claire's went bankrupt because teens stopped shopping at the mall." In Warren's telling, private equity firms magically take over thriving businesses and then strip them bare. The typical pattern is that private equity enters the picture after a business is failing.

Virtually all accounts of the decline of, for example, Red Lobster, note that the chain had been spiraling for several reasons before the private equity firm Golden Gate Capital got involved in 2014. As this CNN article notes, the chain, which started in 1968, had seen drops in sales as customer desires changed. Management compounded the difficulties with a series of bad decisions, including continuing various all-you-can-eat menu specials, before coming out of Chapter 11 bankruptcy last year.

Similarly, it's true that some teens still go to malls and get their ears pierced at Claire's. But anyone who has spent time in retail America over the past few decades knows that malls are no longer the destination that they once were. As CapitalOne Shopping Research documents, "in 1986, there were 25,000 malls, large and small, nationwide." By 2023, that number had shrunk to just 1,200. While some malls are coming back, most are not, and for reasons that have nothing to do with private equity. Online retails plays a role (though a smaller one than usually imagined, with e-commerce accounting for less than 20 percent of all retail sales). But mostly, it's that people today tend to want a different sort of retail environment. Anchor stores—think Macy's and J.C. Penney—are shadows of themselves, and younger people have less unstructured time in which to prowl food courts and arcades.

For politicians like Elizabeth Warren, though, there can be no financial gains or losses that aren't the result of shadowy, conspiratorial forces. If her party takes control of the Senate, her words will carry more weight. But it will be American consumers that ultimately shoulder the burden of an even-more-regulated economy. The market for hot sauces will almost certainly stay spicy, but many other parts will surely suffer.

The post Be Prepared for Elizabeth Warren's Reign of Economic Error appeared first on Reason Magazine.

Four years after Washington set out to cripple Russia’s energy economy, America’s war with Iran has forced it to seek relief from the very country it tried to isolate, encircle, and defeat. The Sanctions Strategy Meets Its Limits On October 9, US President Donald Trump announced an extraordinary agreement with Russian President Vladimir Putin: Moscow […]

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China’s GDP grew by 4.5% year-on-year between July and September, the National Bureau of Statistics of China reported on Monday. The figures were better than economists had expected and up from the second quarter’s growth rate of 4.3%.

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© Photograph: Peter Parks/AFP/Getty Images

© Photograph: Peter Parks/AFP/Getty Images

Difference between French and German borrowing costs widens after public buildings burned and shops looted

France has been hit by a fresh wave of selling in its bond and stock markets after violent protests over the weekend led to thousands of arrests and left public buildings burned and hundreds of shops looted across the country.

The chaos has spooked investors as analysts worried that it would undermine Paris’s efforts to cut spending and reduce its debt.

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© Photograph: SDIS 87/AFP/Getty Images

© Photograph: SDIS 87/AFP/Getty Images

© Photograph: SDIS 87/AFP/Getty Images

Difference between French and German borrowing costs widens after public buildings burned and shops looted

• Business live – latest updates

France has been hit by a fresh wave of selling in its bond and stock markets after violent protests over the weekend led to thousands of arrests and left public buildings burned and hundreds of shops looted across the country.

The chaos has spooked investors as analysts worried that it would undermine Paris’s efforts to cut spending and reduce its debt.

Continue reading...

© Photograph: SDIS 87/AFP/Getty Images

© Photograph: SDIS 87/AFP/Getty Images

© Photograph: SDIS 87/AFP/Getty Images