Watch CNBC's full interview with TotalEnergies CEO Patrick Pouyanné

Security of our people is essential. So we evacuated not everybody. We left today in the Middle East some essential workers working with our partners in Abu Dhabi and Qatar where we still have some operations, and we need to take care of families, of course, who have been repatriated. Then I will tell you, it's 15% of our production, but it's just we need an $8 per barrel increase to recover the money. So today we are $40 above what we were planning for 26. We were cautious at $60. We at $100 per barrel. So no problem for TotalEnergies. No, the problem is more the systemic impact that this crisis has on the markets because it's not only 15% of my own production, it's 20% of the world oil products which are stranded with the closure of the Strait of Hormuz. Almost 20% of the LNG in Qatar is stranded and is today stopped. That's more important because it has an impact for all customers around the planet, except the US for gas which is still domestic, gas is still low here in the US, but fundamentally this is more of a systemic issue. When the price of energy goes up, it could have some impact on the global economy, so that's the situation today.

Not in the Brent, but in the products, yes. And in fact, today what is dislocated is the oil products market. Jet fuel is about $200 per barrel. Diesel is $160 per barrel. So the Brent is yet okay, but the products market, which impacts the end customers today, is much higher than the Brent. In between, you have the refining margins. They have never been seen at $30 per barrel. You never experienced it. That's because the international trade of oil products is only 25 million barrels per day. Four to five million are stranded in the Gulf today because of the closure of the Strait of Hormuz, and on top of that, China has banned all product exports. So the international oil products market is quite small today and has been reduced more than 20%. That's why it's dislocated. You don't have a normal link between the crude price and the products price. That's why you see the impact in many countries in Europe on gasoline and diesel prices. People are very unhappy. In some countries in Southeast Asia, you even have a physical issue. In Thailand, they have decided to ration access to gasoline. So the crisis is really beginning to impact customers.

Nobody can know. It's true that when you have such a high price, you begin to shift to alternative energies. It's difficult to avoid using coal. On natural gas, if energy continues to go up, you could see a shift to coal like in '22. It's very clear that all electric gas is going up. Europe needs it for winter. But then in Asia, you see a shift to coal. So I suspect the shift to coal will be the alternative. For oil, it's more complex. The alternative is not very obvious. We need oil for many things. But for example, you have less naphtha, and you will begin to see an impact on fertilizers. The price of fertilizer begins to go up exactly like in '22. And fertilizer means food. So you have a supply chain where you could see some impacts.