The current ceasefire between Iran and Israel amid escalating tensions has intensified concerns over global energy security. Iran's threat to close the vital Strait of Hormuz could significantly disrupt global energy supplies, as approximately 20% of the world's liquefied natural gas and 27% of crude oil traverse this passage. Experts argue for a transition to renewable energy to bolster energy security and reduce reliance on fossil fuels. Energy security is crucial for maintaining economic stability and national security, as supply disruptions can halt industries and essential services, reminding us of past crises like the 1970s oil embargo and the recent European energy crisis.
Energy security refers to uninterrupted access to power at an affordable price, crucial for modern economies and essential services; disruptions can halt industries and impact national security.
The conflict between Iran and Israel highlights global dependence on oil imports, stressing the need for a shift to renewable energy sources for stability amid geopolitical tensions.
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