Iran Conflict Reinforces Nuclear Energy's Stability
2026-03-16 13:02:00 ET
By Steffan Szumowski
As the U.S.-Israeli conflict with Iran continues, global energy markets are feeling the strain. The effective closing of the Strait of Hormuz, which is the chokepoint for roughly 20% of the world’s petroleum and liquefied natural gas ((LNG)) trade, combined with attacks on energy infrastructure, has driven sharp spikes in commodity prices. As just one example, the European benchmark for LNG is up over 50% since the conflict began. Policymakers and investors are once again confronting the fragility of fossil fuel-dependent power systems in an unstable geopolitical landscape....
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