A war with Iran could reshape the global economy and trigger an energy transition, according to CNN
Despite the loss of life and massive financial losses, a war with Iran could, in the long term, serve as a catalyst for global economic change. Experts believe that the current conflict is forcing the world to accelerate reforms that, under peaceful conditions, could take decades to implement.
CNN reports on this.
One of the main issues highlighted by the war is the vulnerability of the global energy system. Iran has demonstrated how easily the Strait of Hormuz—a strategic route through which about one-fifth of the world’s oil supplies pass—can be blocked.
Analysts predict that the conflict could lead to the construction of new oil and gas pipelines through Saudi Arabia and the UAE, bypassing the Strait of Hormuz. This would help stabilize energy supplies and reduce the cost of insuring ships in dangerous regions.
The war has also already impacted global energy policy. In particular, the UAE’s withdrawal from OPEC weakens the cartel’s ability to control oil prices.
At the same time, due to rising energy costs, the world is accelerating the transition to solar energy and electric vehicles. Exports of Chinese solar technology and batteries have already reached record levels.
The U.S., for its part, plans to use its own large natural gas reserves to meet the energy needs of tech companies that are actively building data centers for the development of artificial intelligence.
At the same time, experts warn of serious risks. In particular, Iran’s new government could turn out to be even more radical, and pro-Iranian groups could begin attacking new energy supply routes.
Furthermore, the collapse of OPEC could complicate coordination efforts during future energy crises.
Economists also note that a rapid transition to renewable energy could negatively impact the U.S. oil industry, particularly shale production in Texas, if demand for oil drops significantly.
According to analysts, the war has exposed structural problems in the global economy that had gone unnoticed for years. If the conflict results in stable shipping and the weakening of monopolies in the energy market, the global economy could emerge from the crisis stronger than it was before.
Classified U.S. intelligence assessments indicate that Iran has retained a significant portion of its missile capabilities and regained access to most key military facilities, despite the U.S. administration’s claims of a serious weakening of Iranian forces.
The Pentagon is discussing the possibility of renaming the U.S. military operation against Iran in the event of a final breakdown of the ceasefire. The new name for the mission could be “Sledgehammer.”
U.S. President Donald Trump stated that Americans’ financial difficulties do not influence his decisions regarding Iran. According to him, the top priority for the U.S. administration remains preventing Tehran from acquiring nuclear weapons.
In addition, U.S. President Donald Trump announced that he plans to hold an extended conversation with Chinese leader Xi Jinping regarding the war with Iran. At the same time, he emphasized that he does not consider it necessary to involve China as a mediator to resolve the conflict.
U.S. President Donald Trump is becoming increasingly frustrated with the progress of negotiations with Iran to end the conflict and is considering the possibility of resuming large-scale military operations against Tehran.
