How the Iran War Could Reshape Global Energy Policy

Iran war shaking global energy system

World leaders have tried and failed to curb climate change by appealing to nations to act for the common good. Now, the Iran war and its costly energy crunch have some experts wondering if selfishness and nationalism may be a…

Oil prices whipsawed this week as Iran war rattled global markets

Oil prices swung sharply throughout the past week as traders reacted to the escalating conflict with Iran, briefly surging to around $120 per barrel before retreating and then climbing again as concerns about shipping through the Strait of Hormuz continued to toss global energy markets.  The volatility reflects fears that fighting in the Middle East could disrupt oil shipments through the strategic waterway between Iran and Oman. Roughly one-fif…

JPMorgan Warns Strategic Oil Reserves Can Cover Only 7.5% Of Hormuz Supply Shock Amid Ongoing Iran War

JPMorgan estimates show SPR release won't solve Iran war-related oil crisis. G7 could release 1.2M barrels/day.

Strategic oil release may calm markets but cannot fix Hormuz disruption

Record oil release steadies markets, but war-driven disruption in the Strait of Hormuz keeps energy supplies uncertain.

How the Iran War Could Reshape Global Energy Policy

The U.S.-Israeli attack on Iran and the ongoing conflict in the Middle East have caused the biggest oil disruption in history. The closure of a major transit route between Asia and Europe, as well as restrictions on fossil fuel production in the region, have driven oil and gas prices up, a trend that is set to continue. So, as governments are facing rising consumer energy bills once again, will it be enough to encourage a Covid-era pivot to rene…

War in Iran could spur a shift to clean energy – but also to coal

WASHINGTON – The war in Iran is choking off oil and gas supplies and spiking energy prices around the world. And for many environmentalists, that’s a powerful argument for countries to curb their use of fossil fuels and shift to wind, solar and other renewable sources.