Iran war

Hormuz disruption is driving up freight costs, insurance premiums and spot LNG prices, building pressure on import-dependent power systems in South Asia.

The Iran war is giving Finland even more impetus to diversify its energy supply and speed up its energy transition.

The blocking of the Strait of Hormuz underscores the risks of fossil fuel imports. A new report from Ember makes the case that Asian economies should rapidly shift to renewables.

A source close to Qatar’s North Field Expansion said that the project could be delayed much longer than the one year indicated by the country’s energy minister last week.

The Iran war and the chaos it has inflicted on global energy stability, supply and pricing are a stark reminder of Europe’s risky gas reliance, analysts have warned.

The sudden LNG supply crisis following the Ras Laffan attack is driving up prices and will force painful demand reduction across the globe. Analysts say the reputation of LNG as a reliable fuel is also irreparably damaged.

The importance of renewables not only for climate but also for economic security needs to be better understood, especially now with the Iran war escalating, analysts said.

The Ras Laffan attack came after Iran’s biggest gas field, South Pars, was attacked by Israel, sending oil prices surging during trading hours on Wednesday.

Pakistan’s solar transition will help soften the blow from the Iran war and Strait of Hormuz shipping disruption, new research says.

As the war raging in Iran drives up energy prices, solar power could help Vietnam avoid almost US$600 million from coal and gas imports, new research revealed on Monday.

The Iran war and disruptions to shipping routes in the Strait of Hormuz have left Southern Asia exposed to an US$107 billion LNG bet, analysts warned.

The conflict raging in the Middle East has left many oil-importing nations in Sub-Saharan Africa exposed to significant crude supply shocks, but new LNG developments will only add to that risk, say experts.