fossil-fuel-dependence
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Iran war energy shock sparks global push to reduce fossil fuel dependence
news
7 min read
The Iran war has prompted global policymakers to reconsider strategies for reducing reliance on fossil fuels, including expanding nuclear energy and renewables, increasing strategic stockpiles, boosting domestic production, and diversifying supply sources. The closure of the Strait of Hormuz following U.S. and Israeli attacks on February 28 marks the third significant energy shock this decade.