Iran Conflict Sparks Global Energy Price Chaos While Renewables and AI Shape Climate Future

Ofgem lifted its household energy price cap by 13% in July, pushing average annual bills to £1,862 and forecasting inflation to jump to 2.9% in July. The Iran war's disruption of global oil markets is amplifying price pressures, forcing the Bank of England to consider rate hikes as early as September. For households already stretched, this means another winter of painful bills.

2. Australia's Renewables Success Masks Grid...