According to CoinMeta, French Foreign Minister stated on Friday that if conflicts between Iran and the United States escalate again, it would only result in a lose-lose situation and drive up oil prices. After meeting with foreign ministers from the UK, Germany, Turkey, Egypt, Pakistan, and Saudi Arabia in Istanbul, he told reporters, "If conflicts between Iran and the US further intensify, there will be no winners, and it could also have a very serious impact on hydrocarbon prices."