France’s ‘Beautiful Dream’ Fades as Games Give Way to Political Crisis 

French President Emmanuel Macron gives thumbs up next to IOC president Thomas Bach (L) during the Closing Ceremony of the Paris 2024 Olympic Games at the Stade de France Stadium in Paris, France, 11 August 2024. (EPA)
French President Emmanuel Macron gives thumbs up next to IOC president Thomas Bach (L) during the Closing Ceremony of the Paris 2024 Olympic Games at the Stade de France Stadium in Paris, France, 11 August 2024. (EPA)
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France’s ‘Beautiful Dream’ Fades as Games Give Way to Political Crisis 

French President Emmanuel Macron gives thumbs up next to IOC president Thomas Bach (L) during the Closing Ceremony of the Paris 2024 Olympic Games at the Stade de France Stadium in Paris, France, 11 August 2024. (EPA)
French President Emmanuel Macron gives thumbs up next to IOC president Thomas Bach (L) during the Closing Ceremony of the Paris 2024 Olympic Games at the Stade de France Stadium in Paris, France, 11 August 2024. (EPA)

The Paris Olympics delivered a dazzling summertime success that charmed the world and reaffirmed French national pride. The hangover will be tough.

With Sunday's closing ceremony drawing a line under the sporting spectacle, President Emmanuel Macron must now deal with a self-created political crisis that he swept under the carpet until the Games were over.

Talks over government jobs and budget cuts loom - with voter anger sure to follow.

"Now we have to wake up from this beautiful dream," said Christine Frant, 64, at the Club France fan zone last weekend. "Such a shame we're going to return to our day-to-day routine, with no government, squabbles in parliament, while here it was all about joy, sharing."

Macron seemed to cast the entire fate of the Olympics into doubt when he called a snap legislative election just weeks before the Games were due to begin. Voters delivered a hung parliament.

Choosing a prime minister who can appease Macron's centrist camp, a leftist alliance and the far-right National Rally has proven tricky.

After days of political dealmaking that went nowhere after the July 7 vote, Macron declared a political truce for the duration of the Games, giving himself until around mid-August to name a prime minister and let political parties negotiate.

The mysterious sabotage on railway and telecoms targets at the start of the Games seemed like an ominous portent, but after that, the event carried on with no further security scares.

Macron decamped to his presidential retreat on the French Riviera, with a few incursions into Paris, including for a long hug with French judo titan Teddy Riner after he clinched his fourth career gold.

While many in France followed the tribulations of the Lebruns, two ping-pong-playing brothers, or cheered on star swimmer Leon Marchand, French politicians have been plotting a way out of the crisis.

Now, Macron will need to make a decision.

DECISION TIME

He has ignored the candidate painstakingly agreed on by the left-wing alliance, the New Popular Front, which came on top in the elections but has so far made no overtures to other parties to garner a majority.

Despite efforts to bolster her profile with media interviews, the chosen candidate Lucie Castets remains a political unknown.

"Who is she?" said Zahera Dakkar, 40, after watching the volleyball final at Club France. "I haven't followed politics for two weeks. The Games were an escape from all that."

Castets' hopes of the left taking Matignon, the prime minister's official residence, appear slim. Macron believes the vote delivered a National Assembly whose "center of gravity is in the center or the center-right," a source close to him said.

"We need a personality capable of talking to the center, the right and the left. From the socially-minded right to the left that care about law-and-order," said the source, who declined to be named to discuss the president's thinking.

Macron's eventual pick cannot appear to be a flunky, the source added, with an oppositional figure needed to give the government a "flavor of cohabitation".

Xavier Bertrand, a former conservative minister under ex-President Jacques Chirac who has had tough words against Macron but has collaborated constructively with his government in his northern region fiefdom, could be compatible, the source said.

Bernard Cazeneuve, a former prime minister under Socialist President Francois Hollande, who was in office at the time of the 2015 extremist attacks in Paris, could also work, the source said. Both men's offices did not return a Reuters request for comment.

BUDGET CHALLENGE

Whoever Macron names will face a tough job, with the parliamentary approval of the 2025 budget top of the in-tray at a time when France is under pressure from the European Commission and bond markets to reduce its deficit.

"If Macron tries to name a sort of rightist government, he will get no budget," said Eric Coquerel, the leftist head of the finance committee in parliament.

Macron's entourage is keen to use the Games, organized by a centrist president, a Socialist mayor and a conservative regional leader, as an example of what France can do when different sides come together.

His rivals want to make sure the president gets no credit, Senator Laure Darcos told Reuters.

Even if Macron's domestic fortunes remain bleak, the Games have bolstered his international standing.

Michael Payne, a former IOC marketing chief, said the president is seen from abroad as "the leader who delivered," but he believed Macron had made a major strategic mistake by calling the snap election before the Olympics rather than after.

At Club France, where families stood in line to take selfies with the Olympic torch or snapped up fluffy red mascots, it was hard to find anyone who wanted to talk politics.

"Please, no!" said Frant, a French flag around her neck.



Türkiye May Consider Role in Hormuz Demining After Iran-US Deal, Minister Says

Türkiye’s Foreign Minister Hakan Fidan speaks to the reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 19, 2026. (Reuters)
Türkiye’s Foreign Minister Hakan Fidan speaks to the reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 19, 2026. (Reuters)
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Türkiye May Consider Role in Hormuz Demining After Iran-US Deal, Minister Says

Türkiye’s Foreign Minister Hakan Fidan speaks to the reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 19, 2026. (Reuters)
Türkiye’s Foreign Minister Hakan Fidan speaks to the reporters at Antalya Diplomacy Forum in Antalya, Türkiye, April 19, 2026. (Reuters)

Turkish Foreign Minister Hakan Fidan said that Türkiye could consider taking part in demining operations in the Strait of Hormuz following a possible peace agreement between Iran and the United States.

Fidan, speaking to reporters in London on Friday ‌evening, said a ‌technical team was ‌expected ⁠to carry out ⁠mine-clearing work in the strait after any agreement, adding that Türkiye viewed such efforts positively in principle as a humanitarian duty.

Fidan said ‌any demining work would be ‌carried out by a technical team ‌from various countries, formed after a possible Iran-US peace agreement

Türkiye would have "no problem" with ‌participating in mine-clearing operations under those conditions

Fidan cautioned ⁠that ⁠ Türkiye would reassess its position if any future technical coalition of countries became a party to renewed conflict

He also said he believed issues related to Iran's nuclear program could be resolved at the next round of talks in Pakistan


Iran Resumes Commercial Flights from Tehran’s International Airport

A passenger walks through the terminal hall after flights resumed at Imam Khomeini International Airport, amid a ceasefire between US and Iran, in Tehran, Iran, April 25, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
A passenger walks through the terminal hall after flights resumed at Imam Khomeini International Airport, amid a ceasefire between US and Iran, in Tehran, Iran, April 25, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
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Iran Resumes Commercial Flights from Tehran’s International Airport

A passenger walks through the terminal hall after flights resumed at Imam Khomeini International Airport, amid a ceasefire between US and Iran, in Tehran, Iran, April 25, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
A passenger walks through the terminal hall after flights resumed at Imam Khomeini International Airport, amid a ceasefire between US and Iran, in Tehran, Iran, April 25, 2026. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

US envoys are expected to travel to Pakistan on Saturday in a new bid to salvage ceasefire talks with Tehran, even as Iran ruled out direct negotiations with US representatives as its top diplomat arrived in Islamabad.

The latest effort to broker a deal comes as an indefinite ceasefire has paused most fighting, but the economic fallout is still mounting with global energy shipments disrupted by the closure of the Strait of Hormuz.

On Saturday, Iran resumed commercial flights from Tehran’s international airport for the first time since the conflict with the US and Israel began about two months ago.

Iran’s state-run television reported that flights took off from the Imam Khomeini International Airport in Tehran bound for Istanbul, Oman’s capital of Muscat and the Saudi city of Madinah.

Iran partly reopened its airspace earlier this month amid a ceasefire with the US which halted fighting between the two countries.

The airport opening comes as Iran’s Foreign Minister Abbas Araghchi met twice with Pakistan's top military and political leaders since arriving in Islamabad on Friday night, officials said.

According to Pakistan's Foreign Ministry, the Iranian delegation will hold talks with Pakistan’s senior leadership as the US envoys were expected to travel to Islamabad Saturday. Officials have not specified when Steve Witkoff and Jared Kushner are due to arrive.


US Imposes Sanctions on Chinese ‘Teapot’ Refinery for Buying Iranian Oil

A view of an oil refinery in China's Shandong province. (Reuters)
A view of an oil refinery in China's Shandong province. (Reuters)
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US Imposes Sanctions on Chinese ‘Teapot’ Refinery for Buying Iranian Oil

A view of an oil refinery in China's Shandong province. (Reuters)
A view of an oil refinery in China's Shandong province. (Reuters)

The Trump administration said on Friday it had imposed sanctions on an independent "teapot" refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.

The Treasury Department targeted Hengli Petrochemical (Dalian) Refinery, which it said is one of Iran's largest customers of crude oil and petroleum products. The department's Office of Foreign Assets Control said it also imposed sanctions on about 40 shipping companies and vessels that operate ‌as part of Iran's ‌shadow fleet.

China has said it opposes "illegal" unilateral sanctions.

On Friday, ‌its ⁠embassy in Washington ⁠said normal trade should not be harmed and called on Washington to stop "abusing" sanctions to target Chinese companies.

"We call on the US to stop politicizing trade and sci-tech issues and using them as a weapon and a tool and stop abusing various kinds of sanction to hit Chinese companies," a spokesperson for the Chinese embassy said in a statement.

The Trump administration last year imposed sanctions on teapots Hebei Xinhai Chemical Group, Shandong Shouguang Luqing Petrochemical and Shandong ⁠Shengxing Chemical.

That created some hurdles for the refiners, including difficulties receiving ‌crude and having to sell refined products under different ‌names. Teapots account for a quarter of Chinese refinery capacity, operate with narrow and sometimes ‌negative margins and have been squeezed recently by tepid domestic demand.

CHINA BUYS MOST SHIPPED IRANIAN ‌OIL

The US sanctions, which block US assets of those designated and prevent Americans from doing business with them, have deterred some larger independent refiners from buying Iranian oil. China buys more than 80% of Iran's shipped oil, 2025 data from analytics firm Kpler showed.

Sanctions experts have long said, however, ‌that the independent refineries are somewhat immune to the full effect of US sanctions as they have little exposure to the ⁠US financial system. Imposing ⁠sanctions on Chinese banks that help facilitate the purchases would have a larger effect on purchases of Iranian oil, they say.

Treasury Secretary Scott Bessent said the US is imposing a "financial stranglehold" on the Iranian government.

"Treasury will continue to constrict the network of vessels, intermediaries, and buyers Iran relies on to move its oil to global markets," Bessent said.

Bessent told reporters at the White House on April 15 that Treasury has written to two Chinese banks and "told them that if we can prove that there is Iranian money flowing through your accounts, then we are willing to put on secondary sanctions."

The teapot refiners recently have had to buy Iranian oil at premiums to international Brent oil prices after Washington's temporary waiver of sanctions on Iranian oil at sea raised expectations that India might buy more of the oil. The US last week allowed the waiver to expire.