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France and Portugal Enact Landmark Treaty to Deepen Strategic Ties
A new chapter in relations between France and Portugal began on Sunday as a wide-ranging friendship treaty between the two countries officially entered into force, marking a significant step toward closer cooperation across multiple sectors.
The Treaty of Friendship and Cooperation, signed in Porto in February 2025 by Emmanuel Macron and Portuguese Prime Minister Luís Montenegro, is designed to strengthen bilateral ties and reinforce collaboration within Europe.
French officials have described relations with Lisbon as “excellent,” highlighting the agreement as part of a broader effort to build a more self-reliant and competitive Europe. In a message to Portugal’s newly elected president, António José Seguro, Macron pledged to ensure the treaty delivers tangible benefits for both nations.
The agreement covers a wide range of areas, including defence, energy, trade and education. Both countries have committed to enhancing cooperation between their armed forces and defence industries, with a focus on safeguarding critical infrastructure and countering hybrid threats, particularly in cyberspace.
Energy cooperation also features prominently. France and Portugal aim to improve interconnections across the Iberian Peninsula, an issue that gained urgency following a major blackout affecting Spain and Portugal in April 2025. Officials say better integration with European energy networks will help prevent future disruptions and support long-term resilience.
On the economic front, the treaty promotes stronger support for small and medium-sized enterprises and encourages joint efforts in developing a sustainable “blue economy” linked to the Atlantic Ocean. Trade ties between the two countries are already robust, with France ranking as Portugal’s third-largest trading partner in 2025.
Analysts point to growing investment flows in both directions. Portuguese businesses are increasingly establishing a presence in France, while French firms continue to expand operations in Portugal, reflecting deepening economic integration.
People-to-people links are another key pillar of the agreement. Around 1.7 million Portuguese nationals live in France, making them one of the largest foreign communities in the country. Meanwhile, tens of thousands of French citizens reside in Portugal.
The treaty also aims to boost educational cooperation, including teacher training and student exchanges. However, some observers have raised concerns about practical challenges, particularly a shortage of Portuguese language teachers in France, which could limit progress in this area.
Implementation of the agreement will be overseen through regular high-level meetings between the two governments, ensuring continued coordination and follow-up on agreed initiatives.
The pact forms part of a wider strategy by France to deepen bilateral ties across Europe, following similar agreements with Germany, Italy and Poland, as Paris seeks to strengthen partnerships within the European Union.
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Iran Says Hormuz Can Reopen Within Seven Days as Oil Exports Come Under Pressure
Iran’s military said it retained full control of the Strait of Hormuz on Monday, while Foreign Minister Abbas Araghchi said the strategic waterway could be fully reopened within seven days if Tehran’s conditions were met and hostile measures against the country were lifted.
The statements came as Iran faced growing economic pressure, with the rial falling to record lows, Oil Minister Mohsen Paknejad resigning and the United States claiming that Tehran had not loaded any crude onto tankers during September.
Brigadier General Aziz Jafari, commander of Iran’s Khatam al-Anbiya Joint Air Defence Headquarters, said all movements through the Strait remained under the control of the Iranian armed forces despite changes in US tactics.
“All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic,” Jafari said.
US Treasury Secretary Scott Bessent said on Thursday that Iran had not loaded crude oil onto tankers during September, arguing that the Trump administration was targeting Tehran’s main source of revenue.
Iranian President Masoud Pezeshkian acknowledged in August that restrictions were disrupting oil exports, saying the country had previously been able to sell oil but was now unable to do so at the same level.
Paknejad’s resignation was officially attributed to family and personal matters. However, his departure came amid speculation about the impact of reduced oil exports on government finances. Before his resignation was announced, Paknejad said in a video carried by Iranian media that revenue from oil already sold would be collected and that the process would continue.
The acting oil minister has pledged to maximise production and maintain exports through new strategies.
Despite pressure on Iranian exports, oil shipments from other parts of the region remained high. Ship-tracking company Kpler estimated crude exports from the region excluding Iran at between 19.5 million and 22.5 million barrels per day during the final week of September, compared with a pre-war regional average of about 18 million barrels per day.
Iran’s currency has also come under severe pressure. The euro rose above 300,000 tomans on the informal market, while the US dollar reached 270,000 tomans, more than double its level of about 135,000 tomans at the beginning of the year. One toman is equal to 10 rials.
The UK Maritime Trade Operations agency reported at least one attack each day in the Strait of Hormuz or the Gulf of Aden since October 2.
Araghchi told foreign ambassadors in Tehran that the conflict could not be resolved militarily and called for negotiations based on fairness. He warned that any renewed military confrontation would trigger a stronger Iranian response.
Parliament Speaker Mohammad Bagher Ghalibaf said Tehran had received US proposals through intermediaries but rejected what he described as one-sided demands.
He said the Strait would remain closed until Iran’s seven conditions, based on the Islamabad memorandum, were met.
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