Source: Christian Science Monitor
by staff
“The world has learned enough from past energy crises to know that a shortage of a finite resource like oil requires help from a more boundless resource: trust and cooperation. That’s especially true as the Iran war led to a near-closure of the Strait of Hormuz to the petroleum exports from Gulf countries. From neighborhoods to the United Nations, the closure triggered shared action worldwide to ensure ensure energy supplies. One big reason: The crisis was the largest-ever disruption in the global oil market, according to the Paris-based International Energy Agency, even more serious than the energy crises of 1973, 1979, and 2022 combined.” (04/07/26)