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Energy fallout from Iran war signals a global wake-up call for renewable energy

The Iran war halted about 20% of global oil and LNG exports through the Strait of Hormuz, intensifying market shocks and accelerating renewable energy adoption worldwide.

Summary by The Morning Sun
Unlike during previous oil shocks, renewable power is now competitive with fossil fuels in many places. More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the International Renewable Energy Agency.

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Kyodo News+ broke the news in Japan on Monday, March 23, 2026.
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