Oil at $100 Creates a Paradox for the Climate Transition

The Strait of Hormuz crisis is forcing a brutal trade-off: with Brent crude still hovering above $102 and US diesel hitting a record $6.28 a gallon, the International Energy Agency now warns that global coal demand will hit an all-time high as nations scramble to backfill lost oil and gas supplies. The same shock that was supposed to accelerate the clean energy pivot is, in the short term, dragging the world back toward dirtier fuels.

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