Iran Renewable Energy
FILE - Workers travel in a vehicle toward the construction site of Adani Green Energy Limited's Renewable Energy Park in the salt desert of Karim Shahi village, near Khavda, Bhuj district near the India-Pakistan border in the western state of Gujarat, India, on Sept. 21, 2023.
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The Iran war is exposing how much the global economy still depends on fragile fossil fuel supplies. The conflict has virtually choked off the Strait of Hormuz, a vital shipping lane for a fifth of the world’s oil and liquefied natural gas. That's shaking up markets and pushing prices higher. Countries reliant on imported fossil fuels — from wealthy industrial economies to poorer developing nations — are facing major disruptions that can quickly ripple through utility bills, food prices, transport costs and electrical grids. Analysts say the crisis is a stark reminder that energy security is not just about stockpiles and shipping, but also about the lagging transition to renewable energy.
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