The Iran War is Forcing Energy-Importing Countries to Turn Inward
The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.
The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.
The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
With President Trump threatening to strike Iranian power plants, some war-weary civilians are panicking over a possible new debacle.
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
Already suffering a 40 percent inflation rate and critical shortages of power and water, many in Iran expect conditions to get worse.
Amid suffocating temperatures, the Iranian authorities are closing public offices and cutting water and electricity as the country struggles with an energy crisis.