"We witness not only a massive fossil fuel crisis but a vast upward transfer of wealth built on instability of fossil fuel markets and pain," said an expert at 350.org.

“Conflict devastates countries and costs countless lives, yet for some it is extraordinarily profitable,” said the executive director of Oxfam International

"Even if the Strait of Hormuz reopens tomorrow, we should expect prices to remain above pre-crisis levels," said an expert at 350.org.

"We witness not only a massive fossil fuel crisis but a vast upward transfer of wealth built on instability of fossil fuel markets and pain," said an expert at 350.org.