Hormuz Oil Crisis Accelerates Global Energy Transition as Prices Surge and Solar Holds the Line

Global EV sales are surging as the second oil price shock in four years forces a structural shift in the energy transition. Wood Mackenzie analysts say the Hormuz supply disruption could push EV market share above previous projections, even as Brent crude hovers near $93 per barrel heading for a second straight weekly gain of over 5%.

Watch List

• Brent crude at $93.50: Prices climbed to three-week highs as deadlocked U.S.-Iran peace talks and the UAE's trade...