The ongoing conflict in the Middle East has disrupted global oil and gas trade, leading to price increases and highlighting the vulnerability of economies dependent on fossil fuels. Experts suggest that accelerating the adoption of domestic renewable energy sources is crucial for countries to achieve energy security and insulate themselves from future geopolitical shocks.
The war in the Middle East has disrupted oil supplies, increasing prices and demonstrating how countries with higher shares of domestic renewable energy are more resilient to such global energy shocks.