The Iran war has already badly affected many sectors across the world, from international politics to a potential global economic crisis. It has also revealed some miscalculations over the Ukraine war. The Iran war is fueling a new energy crisis in Europe, meaning countries will have to choose between Russian energy and their commitment to Ukraine. Europe’s energy costs have soared since the start of the war, with oil prices rising to above $100 a barrel. This is already affecting their economies.

The fallout from the sprawling Middle East conflict is expected to represent a watershed moment for the energy transition.

Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch.

The Iran war has already badly affected many sectors across the world, from international politics to a potential global economic crisis. It has also revealed some miscalculations…

European countries remain divided over how to respond to the surge in oil and gas prices. From electrification to subsidies for electric vehicles purchases and other measures, the…