The Iran war is exposing how much the global economy still depends on fragile fossil fuel supplies. The conflict has virtually choked off the Strait of Hormuz, a vital shipping lane for a fifth of the world’s oil and liquefied natural gas. That's shaking up markets and pushing prices higher.
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That comes with a growing environmental cost in MexicoWhat Americans are giving up to afford ACA health insurance, according to a new pollMore than 150,000 uncounted COVID-19 deaths occurred early in the pandemic, a study findsYoung people are turning to old-school hobbies to get off their phonesHere’s what dermatologists are saying about your skin care routine: Keep it simplePope Leo endorses Francis' divisive 2016 text on Communion after civil remarriageUnos 90 barcos cruzan el estrecho de Ormuz e Irán exporta petróleo en plena guerraIsrael hits Tehran with airstrikes on Persian New Year as war jolts energy marketsThe Afternoon WireFormer '19 Kids and Counting' star Joseph Duggar is arrested on a child molestation chargePentagon seeks $200 billion in additional funds for the Iran war, AP source saysNorth Korea qualifies for the Women’s World Cup for the first time since 2011Kevin Spacey settles out of court with 3 men over alleged sexual assaultsBrent crude briefly tops $119 per barrel, before receding, and shakes stock markets worldwideToucan seen flying around Sin City has been rescuedAfter an Iranian drone strike, a photographer captures this quiet human momentThe World in PicturesMezcal's popularity is booming in the US. That comes with a growing environmental cost in MexicoWhat Americans are giving up to afford ACA health insurance, according to a new pollMore than 150,000 uncounted COVID-19 deaths occurred early in the pandemic, a study findsYoung people are turning to old-school hobbies to get off their phonesHere’s what dermatologists are saying about your skin care routine: Keep it simplePope Leo endorses Francis' divisive 2016 text on Communion after civil remarriageUnos 90 barcos cruzan el estrecho de Ormuz e Irán exporta petróleo en plena guerraClimateWind turbines operate along a solar farm near Weifang in eastern China’s Shandong province on March 22, 2024. A cook at a restaurant prepares food over a charcoal stove following a shortage of liquefied petroleum gas in Mumbai, India, Wednesday, March 11, 2026. A worker stacks single solar cells at a ReNew manufacturing plant on the outskirts of Jaipur, India, Thursday, Aug. 21, 2025. Students leave Dhaka University after the government ordered all universities to close, moving forward the Eid al-Fitr break as part of emergency measures to conserve electricity, in Dhaka, Bangladesh, Monday, March 9, 2026. Workers travel in a vehicle toward the construction site of Adani Green Energy Limited’s Renewable Energy Park in the salt desert of Karim Shahi village, near Khavda, Bhuj district near the India-Pakistan border in the western state of Gujarat, India, on Sept. 21, 2023. Wind turbines operate along a solar farm near Weifang in eastern China’s Shandong province on March 22, 2024. Wind turbines operate along a solar farm near Weifang in eastern China’s Shandong province on March 22, 2024. A cook at a restaurant prepares food over a charcoal stove following a shortage of liquefied petroleum gas in Mumbai, India, Wednesday, March 11, 2026. A cook at a restaurant prepares food over a charcoal stove following a shortage of liquefied petroleum gas in Mumbai, India, Wednesday, March 11, 2026. A worker stacks single solar cells at a ReNew manufacturing plant on the outskirts of Jaipur, India, Thursday, Aug. 21, 2025. A worker stacks single solar cells at a ReNew manufacturing plant on the outskirts of Jaipur, India, Thursday, Aug. 21, 2025. Students leave Dhaka University after the government ordered all universities to close, moving forward the Eid al-Fitr break as part of emergency measures to conserve electricity, in Dhaka, Bangladesh, Monday, March 9, 2026. Students leave Dhaka University after the government ordered all universities to close, moving forward the Eid al-Fitr break as part of emergency measures to conserve electricity, in Dhaka, Bangladesh, Monday, March 9, 2026. Workers travel in a vehicle toward the construction site of Adani Green Energy Limited’s Renewable Energy Park in the salt desert of Karim Shahi village, near Khavda, Bhuj district near the India-Pakistan border in the western state of Gujarat, India, on Sept. 21, 2023. Workers travel in a vehicle toward the construction site of Adani Green Energy Limited’s Renewable Energy Park in the salt desert of Karim Shahi village, near Khavda, Bhuj district near the India-Pakistan border in the western state of Gujarat, India, on Sept. 21, 2023. HANOI, Vietnam — The war in Iran is exposing the world’s reliance on fragile fossil fuel routes, lending urgency to calls for hastening the shift to renewable energy., the narrow waterway that carries about a fifth of the world’s oil and liquefied natural gas, or LNG. The disruption has jolted energy markets,, but the disruptions also are a strain for Europe, where policymakers are looking for ways to cut energy demand, and for Africa, which is bracing for Unlike during previous oil shocks, renewable power is now competitive with fossil fuels in many places. More than 90% of new renewable power projects worldwide in 2024 were cheaper than fossil-fuel alternatives, according to the, while those with more renewable power are more insulated since renewables rely on domestic resources like sun and wind, not imported fuels. “These crises regularly occur,” said James Bowen of the Australia-based consultancy, ReMap Research. “They are a feature, not a bug, of a fossil fuel-based energy system.”, face the same challenge of generating enough electricity to power growth for over a billion people. Both have expanded renewable energy, but. About one in 10 cars in China are electric, found the International Energy Agency. It’s still the world’s largest importer of crude oil and the biggestWithout that shift, China would be “far more vulnerable to supply and price shocks,” said Lauri Myllyvirta of the Centre for Research on Energy and Clean Air. China also can rely on reserves built when prices were low and shift between using coal and oil as fuel in factories, he said. India also has expanded its use of clean energy, especially solar power, but more slowly and with less government support for manufacturing renewable energy equipment and connecting solar to its power grid.India is now facing a shortage of cooking gas. That’s driving a rush to buy induction cooktops and raisingThe energy shock is familiar to wealthy countries in Europe and East Asia. In 2022, some European governments tried to cut dependence on fossil fuels. But many soon focused on finding new fossil fuel suppliers instead, said Pauline Heinrichs, who studies climate and energy at King’s College London. Germany rushed to build LNG terminals to replace Russian gas with mostly American fuel while the energy transition, including efforts to cut demand, slowed, she said.amounted to about 40% of the investment needed to transition its power system to clean energy, according to a 2023 study.In import-dependent Japan, policy responses to past shocks have focused on diversifying fossil fuel imports rather than investing in domestic renewables, said Ayumi Fukakusa of Friends of the Earth Japan. Solar and wind make up just 11% of Japan’s energy production, on a par with India but behind China’s 18%, according to Ember. Japan’s energy use is much lower than both nations.. Trump, who has long urged Japan to buy more American LNG, recently called on allied nations like Japan to “step up” in assisting secure The Strait of Hormuz.Poorer nations in Asia and Africa are competing with wealthy European and Asian countries and big buyers like India and China for limited gas supplies, pushing up prices. Import-dependent economies — such as Benin and Zambia in Africa and Bangladesh and Thailand in Asia — could face some of the biggest shocks. Costly fuel makes transport and food more expensive, and many countries have limited foreign-exchange reserves, restricting their ability to pay for imports if prices stay high. Africa may be especially exposed because many countries rely on imported oil to run their transport and supply chains. It makes strategic sense for African countries to build their long-term energy security by investing in cleaner energy, said Kennedy Mbeva, a research associate at the Centre for the Study of Existential Risk at the University of Cambridge. But not all are opting for renewables: South Africa is considering building an LNG import terminal and new gas-fired power plants. The real challenge is not just to withstand the next shock, but to ensure it doesn’t “derail the country’s development trajectory,” said Hanan Hassen, an analyst at Ethiopia’s government-linked think tank, the Institute of Foreign Affairs.Increased use of renewable energy has helped shield some Asian countries from the energy shock. Pakistan’s solar boom has preempted more than $12 billion in fossil fuel imports since 2020 and could save another $6.3 billion in 2026 at current prices, according to think tanks Renewables First and the Centre for Research on Energy and Clean Air. Vietnam’s current solar generation will help the country save hundreds of millions of dollars in potential coal and gas imports in the coming year, based on current high prices, according to the research group, Zero Carbon Analytics.Bangladesh has closed universities to save electricity. It has limited storage capacity to absorb supply shocks, so the government started rationing fuel after a flurry of panic buying at filling stations, said Khondaker Golam Moazzem, an economist with the Centre for Policy Dialogue in Dhaka. For now, governments must just manage shortages and control prices. Thailand has suspended petroleum exports, boosted its gas production and begun drawing on reserves. If the conflict bleeds into April, Thailand’s finite reserves and limited budget for subsidies mean prices will shoot higher, warned Areeporn Asawinpongphan, a research fellow with the Thailand Development Research Institute.The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. The AP is solely responsible for all content. Find AP’sGhosal covers the intersection of business and climate change in southeast Asia for The Associated Press. He is based out of Hanoi in Vietnam.
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