"In the shadow of escalating global geopolitical tensions, particularly the ongoing war involving Iran that erupted in late February 2026, the fragility of our dependence on fossil fuels has never been more apparent. The conflict, marked by US-Israeli strikes and Iranian retaliations, has led to the near-closure of the Strait of Hormuz, a critical chokepoint through which roughly 20% of the world's oil and a significant portion of liquefied natural gas (LNG) transits.
This disruption has sent oil prices surging over 20% in a matter of days, with Brent crude breaching US$100 per barrel for the first time in years, and has halted shipments from key producers like Qatar and the UAE. The ripple effects are felt worldwide: higher energy costs, strained supply chains, and increased inflation risks that could tip economies into recession if prolonged."
Read the full article at Mexicobusiness.News.