Energy Fallout as Conflict Engulfs the Middle East Adds Urgency to Renewables Shift
With the Iran war continuing to choke oil flows through the Strait of Hormuz, countries across the globe have major incentive to accelerate their clean energy transitions as vulnerabilities in fossil fuel supply chains become impossible to ignore. The conflict has blocked close to 20% of worldwide petroleum and liquefied natural gas movements, exposing how dependent economies remain on fragile shipping routes. This shock is driving renewed calls to speed up renewable deployments that would insulate countries from such disruptions through domestic solar and wind resources. Unlike earlier petroleum crises, clean power can now compete economically. International Renewable Energy Agency…
