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The current conflict in Iran has created a supply shock that lifts oil and gas prices while accelerating investment in renewables, nuclear and electrification as governments prioritise energy security.
Watch DNV’s Energy Transition Outlook research team discuss the implications of the war for the global energy system and the energy transition: https://dnv.social/7ek
26/03/2026
The reverberations from the war in the Middle East will be felt for months to come in energy markets, and in some instances, years.
In this short article we explore the implications of the events unfolding in the Strait of Hormuz and the wider Gulf region for the long-term global energy transition.
The sheer scale of the energy shock to oil and gas supply over the last month is almost certainly going to work in the long-term favour of renewables, batteries, and nuclear.
Read the full analysis: https://dnv.social/7df
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