War in the Middle East made the case for renewables – what’s happening in each country tells a harder story
The oil-dependent world is in crisis. Ship traffic in the Strait of Hormuz – through which more than a quarter of global seaborne oil trade and a fifth of the world’s liquefied natural gas flow – is at a virtual standstill. Oil prices have climbed, briefly topping US$119 a barrel.
The Conversation ·