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Iran Conflict Accelerates Global Energy Shift, Raises Inflation

The ongoing conflict involving Iran is reportedly accelerating a global shift away from oil and gas, while simultaneously driving up energy costs worldwide. This has contributed to rising inflation, as observed in countries like Vietnam.

3 May, 10:17 — 3 May, 10:17
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The GuardianMostly Factual1d ago

Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart

Unintended consequence of US president’s actions will be boon for China, the leading renewables manufacturer Operation Epic Fury has thus far achieved none of Donald Trump’s war aims, but it may well accelerate the global transition towards the clean energy he loves to hate. Last week brought the latest exchange of verbal blows in the standoff over the strait of Hormuz. Iran is “choking like a stuffed pig” on the oil it is unable to export because of the US blockade, Trump claimed. Continue ...

By Heather Stewart

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Coverage Timeline

First report: bloomberg · 3 May, 02:47Full coverage: 2 · 8hWindow: 8h
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bloomberg3 May, 02:47First to report

Vietnam Inflation Quickens as Iran War Raises Energy Costs - Bloomberg.com

8h later
The Guardian3 May, 10:17Latest update

Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart

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