While a precarious ceasefire is currently holding between Iran and Isreal, the escalating conflict between the two nations over recent weeks has brought global energy security back into the spotlight.
In response to US attacks on its nuclear facilities, Iran threatened to close the Strait of Hormuz, a vital shipping passage for global energy supplies.
Such a move has the potential to disrupt access to fossil fuels for countries around the world and send energy prices soaring. Roughly 20% of the world’s liquefied natural gas and almost 27% of its crude oil passes through the narrow waterway connecting the Persian Gulf to the Gulf of Oman.
Many argue that transitioning away from fossil fuels is crucial not only for the climate but for energy security, with homegrown renewables offering stable power amid geopolitical tensions.
