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The end of the petrostate era may not bring peace
Trade has long been recognised as a restraint on conflict. Energy makes up a big part of that.
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The Iran conflict may accelerate the world’s transition to clean energy, but if the motive is national security, rather than hope for the future, it could push us further from peace, says the writer.
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David Fickling
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With the Middle East in flames and a fifth of the world’s supplies of oil and gas in limbo thanks to the uncertain status of the Strait of Hormuz, it is tempting to imagine that a clean-energy world might leave such conflicts behind:
