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PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikes

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PepsiCo products are being pulled from some Carrefour grocery stores in Europe over price hikes

PARIS (AP) — Global supermarket chain Carrefour will stop selling PepsiCo products in its stores in France, Belgium, Spain and Italy over price increases for popular items like Lay’s potato chips, Quaker Oats, Lipton tea and its namesake soda.

The French grocery chain said it pulled PepsiCo products from shelves in France on Thursday and added small signs in stores that say, “We no longer sell this brand due to unacceptable price increases.”

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It comes as a new French law meant to fight the rising cost of living has supermarkets facing millions in fines if they don’t reach a deal with suppliers on prices by the end of the month.

The ban also will extend to Belgium, Spain and Italy, but Carrefour, which has 12,225 stores in more than 30 countries, didn’t say when it would take effect in those countries.

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PepsiCo products were still on shelves Friday in Rome and Barcelona. Carrefour Italia’s press office said information will be posted for customers in their stores in Italy in the next days.

PepsiCo said in a statement that it has “been in discussion with Carrefour for many months and we will continue to engage in good faith in order to try to ensure that our products are available.”

The company behind Cheetos, Mountain Dew and Rice-A-Roni has raised prices by double-digit percentages for seven straight quarters, most recently hiking by 11% in the July-to-September period.

Its profits are up, though higher prices have dragged down sales as people trade down to cheaper brands. PepsiCo also has said it’s been shrinking package sizes to meet consumer demand for convenience and portion control.

“I do think that we see the consumer right now being more selective,” PepsiCo Chief Financial Officer Hugh Johnston told investors in October.

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The Purchase, New York-based company said price increases should ease and largely align with inflation, which has fallen considerably worldwide since crunched supply chains during the COVID-19 pandemic and then Russia’s war in Ukraine sent prices surging.

However, the 20 European Union countries that use the euro currency saw consumer prices rise to 2.9% in December from a year earlier, rebounding after seven straight monthly declines, according to numbers released Friday.

Prices for food and non-alcoholic drinks have eased from a painful 17.5% in the 20-country euro area in March but were still up by 6.9% in November from a year earlier.

The government of French President Emmanuel Macron has fought back on the rising cost of living for households, passing a November law to implement “emergency measures” to fight high prices.

The law moved up annual negotiations between supermarkets and their suppliers on setting prices and more to Jan. 31 from March 1. Fines have been increased to 5 million euros ($5.5 million) for grocery companies that fail to meet the new deadline for setting prices.

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Burt Flickinger III, managing director of grocery consultancy Strategic Resource Group, said he thinks PepsiCo was targeted because the company has been one of the most aggressive in raising prices. He thinks other big brand names could be next and that other European retailers could follow Carrefour’s lead.

Pulling products off shelves over prices is rare, but it happens. Flickinger noted that Kraft Heinz stopped supplying British retailer Tesco with some of its items in 2022 for a week over a pricing spat.

In the U.S., several grocery sellers including Walmart have expressed displeasure at consumer product companies’ moves to keep pushing up prices even as overall inflation has come down. Particular problem areas had been packaged foods and household goods.

Walmart’s CEO Doug McMillon said in May that, “We all need those prices to come down.”

Stew Leonard Jr., president and CEO of Stew Leonard’s, a supermarket chain with stores in Connecticut, New York and New Jersey, told said in July that he warned the big consumer product companies that he wouldn’t accept any more price increases because he believed customers had reached a tipping point. But he noted on Friday that price increases have eased for many items, except for meat.

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“It’s hard to justify price increase when overall costs are coming down,” Leonard said.

For its part, PepsiCo has pointed to higher costs for grain and cooking oil for its rising prices. Costs for those food commodities surged following Russia’s invasion in Ukraine but fell considerably on global markets last year from record highs in 2022.

The U.N. Food and Agriculture Organization said Friday that its food price index was 13.7% lower in 2023 than the year before, but its measures of sugar and rice prices grew in that time. That overall relief still is not being felt by families at supermarkets.

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Israel hammers Iranian internal security command centers to open door to uprising

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Israel hammers Iranian internal security command centers to open door to uprising

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The Israeli military’s latest wave of airstrikes in Iran dealt a serious blow to the country’s brutal internal security apparatus, opening the door for a potential uprising.

During the strikes, Israel “dropped dozens of munitions on the Basij and internal security command centers that are subject to the Iranian terror regime,” the Israel Defense Forces (IDF) said in a statement on Wednesday. “The targeted command centers were used by the Iranian regime to maintain control throughout Iran and maintain the regime’s situational assessments.”

Since the start of Operation Epic Fury, the U.S. has hit nearly 2,000 targets as it carries out a sweeping military campaign aimed at dismantling the regime’s security apparatus and neutralizing threats. Adm. Brad Cooper of U.S. Central Command confirmed the number of targets hit in a video message.

The Islamic Revolutionary Guard Corps (IRGC) and the Basij militia, Iran’s volunteer paramilitary force, were behind the violent crackdown on protesters in January. The bloody crackdown saw regime actors firing on crowds and conducting mass arrests of Iranian protesters. Some had seen the protests as a sign that regime change in Iran was getting nearer, though it did not occur.

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Smoke rises from central Tehran following reported U.S. and Israeli strikes on Iran’s capital, on March 3, 2026. (Fatemeh Bahrami/Anadolu via Getty Images)

Israeli and U.S. officials have hinted at the possibility of regime change in Iran as both countries take aim at Tehran’s military and security sites.

Israeli Prime Minister Benjamin Netanyahu said in a video message announcing the launch of Operation Epic Fury, which Israel calls Operation Rising Lion, that it was time for Iranians “to rid themselves of the yoke of tyranny.” Similarly, President Donald Trump said in a message to the Iranian people on Feb. 28 that “the hour of your freedom is at hand.”

“When we are finished, take over your government. It will be yours to take. This will be, probably, your only chance for generations,” Trump said.

Plumes of smoke rise following reported explosions in Tehran on March 3, 2026, after Iranian Supreme Leader Ayatollah Ali Khamenei was killed in joint U.S. and Israeli strikes on Feb. 28, 2026. (Negar/Middle East Images / AFP via Getty Images)

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ISRAELI MINISTER OUTLINES IRAN MISSION GOALS, SAYS IRANIAN PEOPLE NOW HAVE CHANCE TO ‘REGAIN THEIR FREEDOM’

“America is backing you with overwhelming strength and devastating force. Now is the time to seize control of your destiny, and to unleash the prosperous and glorious future that is close within your reach. This is the moment for action. Do not let it pass,” the president added.

Ali Vaez, director of the Iran project at the International Crisis Group, told The Wall Street Journal that the path to regime change through foreign airstrikes and popular uprising on the ground has “a bet that rests on no clear historical model.” Vaez also warned that the idea “ignores the resilience of entrenched authoritarian systems like the Islamic Republic.”

The IDF said on Monday that Israel had hit headquarters, bases and regional command centers that belonged to the regime’s internal security apparatus.

“These bodies were responsible for, among other things, suppressing protests against the regime through violent measures and civilian arrests,” the IDF said.

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A group of men inspects the ruins of a police station struck amid the U.S.–Israeli military campaign in Tehran, Iran, on Tuesday, March 3, 2026. (Vahid Salemi/AP)

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It is unclear who will lead Iran after Supreme Leader Ayatollah Ali Khamenei was killed on the first day of the operation. Since then, Israel and the U.S. have made it clear that regime leaders chosen to replace him would be targets. Israeli Defense Minister Israel Katz warned on Wednesday that anyone chosen to replace Khamenei would be considered “a target for elimination” if they continued to threaten Israel, the U.S. and regional allies.

The killing of key leaders might not be enough to cause an uprising, as the regime has a monopoly on weapons in most of Iran, the WSJ reported, adding that Basij militants are still patrolling the streets.

Fox News Digital’s Morgan Phillips and Efrat Lachter contributed to this report.

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Which oil and gas facilities in the Gulf have been attacked?

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Which oil and gas facilities in the Gulf have been attacked?

Global energy markets remain in a state of high alert after several Gulf states suspended oil and gas production following escalating tensions in the region.

Since Saturday’s attacks by the United States and Israel, Tehran has targeted various sites in Israel and across several Gulf countries.

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Initially, these Iranian attacks focused primarily on US military assets, but Gulf states have reported that Iran has since broadened its scope to target civilian infrastructure, including hotels, airports and energy facilities. Iranian officials have publicly denied targeting Gulf energy facilities, however.

The Middle East remains the world’s dominant source of hydrocarbon reserves and a major driver of crude oil and natural gas output.

How much oil and gas does the Middle East have?

Nearly half of the world’s oil reserves and exports come from the Middle East, which contains five of the seven largest oil reserves in the world.

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Once refined, crude oil is used to make various products, including petrol, diesel, jet fuel and a wide range of household items such as cleaning products, plastics and even lotions.

After Venezuela, which has 303 billion barrels, Saudi Arabia holds the world’s second-largest proven crude oil reserves, estimated at 267 billion barrels.

The Middle East’s largest oil reserves:

  • Saudi Arabia: 267 billion barrels
  • Iran: 209 billion barrels
  • Iraq: 145 billion barrels
  • UAE: 113 billion barrels
  • Kuwait: 102 billion barrels

Saudi Arabia is also the world’s top oil exporter with an estimated $187bn of crude in 2024, according to data from the Observatory of Economic Complexity (OEC).

The Middle East’s top oil exporters:

  • Saudi Arabia: $187bn
  • UAE: $114bn
  • Iraq: $98bn
  • Iran: $47bn – largely sold at a discount due to US sanctions
  • Kuwait: 29bn

Other Middle Eastern countries with sizeable oil exports include: Oman ($28.9bn), Kuwait ($28.8bn) and Qatar ($21bn).

(Al Jazeera)

In addition to crude oil, the Middle East is a global powerhouse for natural gas, accounting for nearly 18 percent of global production and approximately 40 percent of the world’s proven reserves.

Natural gas is primarily used for electricity generation, industrial heating, and in chemicals and fertilisers.

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The heart of Middle Eastern gas is a single, massive underwater reservoir called the South Pars/North Dome field. It is the largest gasfield in the world, and it is shared directly between Qatar and Iran.

Gas is transported either through pipelines or by tankers. When using pipelines, the gas is pressurised and moved through steel networks. When pipelines are not feasible, such as across oceans, Liquefied Natural Gas (LNG) is used.

To create LNG, the gas is cooled to approximately -162C (-260F), shrinking its volume and allowing it to be safely loaded onto specialised tanker ships for global transport.

To transport oil and gas, tankers from various Gulf states must navigate the narrow waterway known as the Strait of Hormuz. Approximately one-fifth of global oil and gas passes through this strait, primarily heading to major markets in Asia, including China, Japan, South Korea and India, as well as to Europe.

INTERACTIVE - Strait of Hormuz - FEB24, 2026-1772104775
(Al Jazeera)

Which energy facilities have been attacked?

Here are the facilities which have recorded damage as of Wednesday:

Saudi Arabia – Ras Tanura oil refinery

On Monday, one of the world’s largest oil refining complexes, the Ras Tanura oil refinery owned by Saudi Aramco, was forced to halt operations after debris from intercepted Iranian drones caused a small fire.

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This handout satellite image courtesy of Vantor taken and released on March 2, 2026, shows damage at the Saudi Aramco's Ras Tanura refinery.
This handout satellite image, courtesy of Vantor, released on March 2, 2026, shows damage at Saudi Aramco’s Ras Tanura refinery [AFP]

Saudi Aramco is one of the world’s largest companies, with a market capitalisation exceeding $1.7 trillion and revenue of $480bn. Headquartered in Dhahran, in eastern Saudi Arabia, Aramco controls 12 percent of global oil production, with a capacity of more than 12 million barrels per day (bpd).

On Wednesday, Saudi defence officials reported a second drone attempt on the facility but this was successfully intercepted with no damage or disruption to operations reported.

Qatar – Ras Laffan Industrial City LNG facilities

On Monday, Qatar’s Ministry of Defence reported that Iranian drones had targeted an energy facility in Ras Laffan belonging to QatarEnergy, the world’s largest LNG producer.

While no casualties were reported, QatarEnergy suspended the production of LNG and other products at the impacted sites.

RAS LAFFAN INDUSTRIAL CITY, QATAR - MARCH 3: A picture of Qatar Energy's operating facilities on March 3, 2026 in Ras Laffan Industrial City, Qatar. Qatar Energy announced a complete halt to liquefied natural gas (LNG) production at its Ras Laffan and Mesaieed facilities on March 2, 2026, after Iranian attacks targeted energy facilities. (Photo by Getty Images)
QatarEnergy’s operating facilities on March 3, 2026, in Ras Laffan Industrial City, Qatar [Getty Images]

QatarEnergy’s 81 million metric tonnes of LNG exports are mostly bound for Asian markets, including China, Japan, India, South Korea, Pakistan and other countries in the region. The halt in production hiked global gas prices to a three-year high this week.

Qatar – Mesaieed Industrial City

Qatar’s Defence Ministry said the country was attacked by a second drone launched from Iran on Monday, targeting a water tank belonging to a power plant in Mesaieed, without reporting any casualties.

On Tuesday, QatarEnergy also stopped production of some downstream products like urea, polymers, methanol, aluminium and others.

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UAE – Fujairah and Mussafah oil terminals

On Monday, a fire broke out at Mussafah Fuel Terminal in southwest Abu Dhabi after it was struck by a drone.

On Tuesday, falling debris from a drone interception caused a fire at the Fujairah Oil Terminal along the eastern coast of the United Arab Emirates. No injuries were reported.

Large fire and plume of smoke is visible after, according to the authorities, debris of an Iranian intercepted drone hit the Fujairah oil facility, in Fujairah, United Arab Emirates, Tuesday, March 3, 2026. (AP Photo/Altaf Qadri)
A large fire and plume of smoke are visible after debris from an intercepted Iranian drone hit the Fujairah oil facility, in Fujairah, United Arab Emirates, on Tuesday, March 3, 2026, according to authorities [Altaf Qadri/AP Photos]

Oman – ports of Duqm and Salalah

On Tuesday, multiple Iranian drones struck fuel tanks and a tanker at the port of Duqm, with at least one direct hit on a fuel storage tank, causing an explosion.

On the same day, a drone strike was recorded at the Port of Salalah, which handles fuel and industrial minerals.

Athe Nova – oil tanker

On Monday, the Athe Nova, a Honduran-flagged tanker positioned off the coast of Khor Fakkan, UAE, was struck by Iranian drones as it was transiting the Strait of Hormuz, setting it ablaze. Despite the fire, the vessel managed to exit the chokepoint into the Gulf of Oman, and no casualties were reported.

Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for the strike, identifying the Athe Nova as an “ally of the United States”.

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On the same day as the attack, Iran declared the Strait of Hormuz closed, warning that any ship attempting to pass would be “set ablaze”.

Since then, several other tankers have been hit.

INTERACTIVE_IRAN_GCC_OIL AND GAS SUPPLY-ATHE_NOVA_MARCH4_2026
(Al Jazeera)

Other regional energy disruptions

Although not directly targeted, the following energy sites suspended operations in response to Iranian retaliatory attacks:

Israeli offshore gasfields – Major gas production fields such as Leviathan and Tamar were shut down as a precaution following regional drone and missile launches linked to Iran.

Oil fields in semiautonomous Iraqi Kurdistan – Producers including DNO, Gulf Keystone and Dana Gas halted output as a safety measure amid the escalation.

Rumaila oilfield – Operations at Iraq’s largest oilfield – operated by BP – in southern Iraq were halted on Tuesday as a security precaution due to its proximity to the escalation zone.

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Trump's national security team comes to convince Congress to back Iran war

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Trump's national security team comes to convince Congress to back Iran war
President Donald Trump’s top national security advisers were to spend much of the day on Tuesday making the case to members of Congress ​for the U.S.-Israel war on Iran, as Democrats and some of his fellow Republicans clamored for more information.
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