Anonymous3 days ago
The effective closure of the Strait of Hormuz following the U.S.-Israel military strikes on Iran has triggered the worst energy supply shock since 2022, pushing Asian and European nations to reverse coal phase-outs, lift generation caps, and restart retired plants. With Newcastle thermal coal surging 45% from its January lows to $146 per ton, and LNG infrastructure damage estimated to take years to repair, the crisis threatens to lock in carbon-intensive energy infrastructure that undermines Paris Agreement commitments for years to come.