Subscribe
Today’s print edition
Home Delivery
Six months after U.S.-Israeli strikes disrupted Middle Eastern fossil fuel production and turned the Strait of Hormuz into a naval battleground, the world is getting a fuller picture of how the Iran war has reshaped the economics of energy.
A handful of new reports show how, by dramatically raising fossil-fuel prices, the conflict has also been pushing governments, companies and consumers towards renewable energy, with a clear set of winners and losers emerging.
Global fossil fuel importers have paid more than $330 billion in extra costs — an amount equal to Finland’s 2025 gross domestic product (GDP) — since the war began on Feb. 28, according to data from the Centre for Research on Energy and Clean Air (CREA), a Helsinki-based nonprofit. Meanwhile, higher energy prices have been a boon to a handful of oil and gas producing countries outside the war zone.
In a time of both misinformation and too much information,
quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.
Your subscription plan doesn’t allow commenting. To learn more see our FAQ
Sponsored contents planned and edited by JT Media Enterprise Division.
広告出稿に関するおといあわせはこちらまで
Read more
