Zero
Iran War’s Fuel Shock Will Reshape the Future of Energy
Will Asia return to coal, or will a new renewables future emerge from the Iran crisis? David Fickling and Akshat Rathi discuss.
Solar panels near Chinguetti, Mauritania.
Photographer: Kang-Chun Cheng/BloombergSince the US and Israel launched their attacks on Iran on Feb. 28, global energy markets have been frenetic, prices swinging up and down with each new headline. Even with the prospect of the Strait of Hormuz reopening, prices of oil and gas have risen around the world, and we’re starting to see impacts on local economies, particularly in Asia.
This week on Zero, Bloomberg opinion columnist David Fickling explains what those impacts are, and how they may reshape Asia’s energy systems for decades to come.