Even if the Iran war ends, the next fossil fuel shock is already on its way

Author: Mads Flarup ChristensenPublished on: July 14, 2026Country: Iran

Business & EconomyWorld / International

Even if the Iran war ends, the next fossil fuel shock is already on its way

The US-Israel war on Iran has exposed a structural vulnerability in the global economy due to fossil fuel dependence. The closure of the Strait of Hormuz has driven up fuel costs in East Asia, Africa, and Europe, causing 'fossilflation'. The author, executive director of Greenpeace International, urges a transition to renewable energy for economic security.

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