What does the Iran war mean for clean energy transition?
March 27, 2026, 7:25 p.m.
US-Israeli strikes on Iran have disrupted supply routes through the strait of Hormuz, through which 20% of global oil flows. The US, Israel and Iran have also all launched strikes on fossil fuel facilities, creating additional market shocks.
Reduced reliance on oil and gas is insulating some regions from the ongoing fuel crisis.
“Electricity generated from wind and solar is largely insulated from fossil fuel price volatility – once built, the fuel is free,” said Jan Rosenow, a professor of energy at Oxford University.
But the war is also creating near-term challenges that could slow clean energy growth.
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March 27, 2026, 7:25 p.m.