The oil economy's surprising flexibility and countries' plans to cut reliance on the Strait of Hormuz could together limit how much the war boosts the global energy transition.
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The oil economy's surprising flexibility and countries' plans to cut reliance on the Strait of Hormuz could together limit how much the war boosts the global energy transition.
Why it matters: Energy crises have long-term consequences — like the 1970s oil shocks that brought U.S. gasoline mileage rules for cars, and the country's turn away from burning oil to make electricity.
The global oil trade has a huge incentive to reduce its dependence on the strait, regardless of the war's outcome.
The fallout from the sprawling Middle East conflict is expected to represent a watershed moment for the energy transition.
A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving…
The Iran conflict disrupted oil and LNG supplies, but it may also accelerate EV adoption, renewable energy growth and changes in…
Alternative fuels like jet fuel can help address the energy price volatility that has resulted from the Iran war.
Conflict will accelerate shift to renewables and search for alternatives to Strait of Hormuz, energy analysts say.
