Global Energy Markets Pivot to Coal Amid Strait of Hormuz Disruptions
· Business · France 24, Economic Times
Nations are increasingly turning to coal as a power source to mitigate risks associated with shipping disruptions in the Strait of Hormuz. The ongoing conflict involving the US, Israel, and Iran has destabilized global energy markets and supply chains. By shifting away from reliance on oil and gas routes through the region, countries are seeking to secure their energy stability. The reliance on coal remains a strategic response to the volatility in Middle Eastern maritime corridors.
Why it matters
The shift to coal as a hedge against regional instability threatens global decarbonization efforts and could lead to sustained higher energy prices.
Read the original report — France 24
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