The energy shock that could accelerate a multipolar world
By Piri ·
A US-Israeli war against Iran has cut up to 20 percent of global oil supply by closing the Strait of Hormuz, draining strategic reserves and disrupting production that cannot restart quickly. Markets remain calm as the US and China draw down reserves, but analysts warn of prolonged shortages, higher prices, recession risks, and severe food and economic impacts on Africa, while Russia and China gain leverage.
Chapters
- Emerging Global Energy Crisis
- Global Winners and Losers
- Comparing Past Oil Crises
- Market Optimism Risks Painful Adjustment
- Supply Side Recovery Challenges
- Strategic Reserves Nearing Limits
- Africa's Heavy Burden
- China's Challenges and Advantages
- Russia Emerges as Beneficiary
- Toward a Multipolar World Order
Adapted from Aidan J. Simardone.