Trump promoted fossil fuels. His war is pushing the world away from them.
As oil prices spike, governments are slashing fuel use and eyeing renewables — threatening to erode global demand for fossil energy.
In an op-ed for Roll Call, Center Program Director Richard Nephew and Elizabeth Rosenberg of the Center for a New American Security argue that it is far preferable to conclude a deal with Iran that addresses enrichment concerns via direct diplomacy and that a move to sanctions measures could compromise any chance to resolve the nuclear issue peacefully. However, they note that since sanctions may be necessary if a deal is not reached, it is prudent for Congress and the Administration to initiate contingency planning on an effective strategy and legal authorities to respond in the event that Iran cannot conclude a deal or cheats after it is agreed.
On February 28, the US and Israel launched new attacks on Iran targeting primarily the country's leadership, security forces, and missile program.
The war in Iran has significantly enhanced Latin America's geopolitical advantage as a reliable source of hydrocarbon resources.
The Iran conflict could increase the appeal of Russia as an energy supplier for China.