How the Iran war is changing the way countries think about renewables

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illuminem summarises for you the essential news of the day. Read the full piece on CNBC or enjoy below:

🗞️ Driving the news: The ongoing war in Iran is accelerating the global shift towards renewable energy
• The crisis, particularly the disruption of oil exports through the Strait of Hormuz, has highlighted the vulnerability of fossil fuel trade routes and raised energy security concerns
• As a result, countries are increasingly looking to renewables as a safer, more stable energy source

🔭 The context: The Iran conflict, which has pushed oil and gas prices higher, has underscored the geopolitical risks tied to fossil fuel dependence
• Asia, which is heavily reliant on oil imports, is seeing the crisis as an opportunity to reduce dependence on oil, as Europe did with gas after the Ukraine war
• Renewable energy technologies, such as solar, wind, and electric vehicles (EVs), are now more competitive and seen as crucial tools for energy security

🌍 Why it matters for the planet: The Iran war has prompted a reevaluation of the global energy landscape
• While fossil fuels still dominate the global energy mix, renewable energy sources are rapidly becoming a vital solution for countries to ensure energy security and reduce emissions
• The energy transition is being framed not just as an environmental move but also as a strategic step toward reducing geopolitical risks

⏭️ What’s next: In the medium to long-term, the Iran crisis is expected to further accelerate the adoption of renewables
• Short-term pressures may push some governments to temporarily rely on fossil fuels, especially coal, to ensure energy security

💬 One quote: “Renewables and its associated technologies are now commonly perceived as an energy security tool, no longer only a way to combat pollution and climate change, but a geopolitical asset supported by pragmatism rather than idealism.” – Gonzalo Escribano, Senior Fellow for Energy and Climate at Elcano Royal Institute

📈 One stat: Renewables accounted for 85% of all new global power capacity installations in 2025, with solar leading the way

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