The energy crisis generated by the war in Iran puts pressure on the global transition from fossil fuels

The energy crisis triggered by the war in Iran has forced governments around the world to reassess their dependence on oil and gas, shifting towards nuclear energy and renewable sources.

The blockade of the Strait of Hormuz by Iran has led to severe disruptions in energy markets, affecting 20% of global oil and liquefied natural gas supplies, and the price of oil has exceeded 100 dollars per barrel.

This is the third major energy crisis of this decade, following the pandemic in 2020 and Russia's invasion of Ukraine. Europe has announced new investments in nuclear energy, acknowledging past strategic mistakes. In Asia, countries like Taiwan and Japan are also reconsidering their nuclear policies, while China is accelerating the transition to renewable energy. The European Union is facing rising import costs, while the United States is also focusing efforts on stabilizing global prices.

In the long term, the transition to green energy could reduce vulnerability to shocks, but there are risks of new dependencies, especially towards China.