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 renewable energy? The U.S. war against Iran has caused the largest oil disruption in history, according to…