France, March 12 -- Petrol will be limited to €1.99 per litre and diesel to €2.09 per litre, the company said.

The move comes after oil prices rose above $100 a barrel following Israeli and American air strikes on Iran on 28 February. Iranian retaliation on neighbouring Gulf states has left the region in chaos.

The International Energy Agency said on Wednesday that its member countries had agreed to release 400 million barrels of oil from strategic reserves, the largest coordinated release ever. But the move failed to calm markets as fears grew over disruptions to supplies from the Middle East. Energy tensions

Since the start of the Middle East conflict and disruption to shipping through the Strait of Hormuz, a strategic tr...