France's Government Spokesperson and junior Minister for Energy and Digital economy Maud Bregeon looks on during a press conference following the cabinet meeting in Paris on April 29, 2026. The weekly cabinet meeting was held in the central France city of Montluçon on April 22, 2026. (Photo by Ludovic MARIN / AFP via Getty Images)

France's Government Spokesperson and junior Minister for Energy and Digital economy Maud Bregeon speaks during a press conference following the cabinet meeting in Paris on April 29, 2026. The weekly cabinet meeting was held in the central France city of Montluçon on April 22, 2026. (Photo by Ludovic MARIN / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil arrives to give a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

France's Government Spokesperson and junior Minister for Energy and Digital economy Maud Bregeon speaks during a press conference following the cabinet meeting in Paris on April 29, 2026. The weekly cabinet meeting was held in the central France city of Montluçon on April 22, 2026. (Photo by Ludovic MARIN / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil arrives to give a press conference to present the government's 2027 budget and the financial plan for 2028 to 2030, on April 29, 2026 in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)

Chief Executive Officer (CEO) of Munich Re Group, Christoph Jurecka speaks during the Annual General Meeting (AGM) of the company at the headquarters in Munich, southern Germany, on April 29, 2026. (Photo by Michaela STACHE / AFP via Getty Images)

A crude oil tanker unloads at the oil terminal of the port in Qingdao, in China's eastern Shandong province on April 28, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Chief Financial Officer (CFO) of Munich Re Group, Andrew Buchanan attends the Annual General Meeting (AGM) of the reinsurer at the headquarters in Munich, southern Germany, on April 29, 2026. (Photo by Michaela STACHE / AFP via Getty Images)