The Iran war is accelerating the EV transition faster than any climate policy ever did—but it's still just not that much

The Iran war is accelerating the EV transition faster than any climate policy ever did—but it's still just not that much

When the U.S. launched strikes on Iran in late February, the immediate concern was oil prices. The Strait of Hormuz—through which roughly 20% of global oil supply flows—closed, sending energy markets into a spiral and gas prices past $4 a gallon in the U.S. within weeks. Domestically and abroad, people felt the oil supply at the pump: Moody’s estimated it would cost Americans over $100 billion at the pump; gas rationing began in Bangladesh, Sout…