GoKawiilIran conflict and Hormuz closure trigger global energy shocks, EV sales surge
Airstrikes on Iran beginning in February led to a closure of the Strait of Hormuz, a chokepoint for roughly a quarter of global oil trade and a fifth of exported liquefied natural gas. The disruption, described by the International Energy Agency as the largest supply shock in oil-market history, triggered fuel price spikes, unrest including fuel protests in Syria and a blockade by French fishers, and a roughly doubling of electric-vehicle sales year-on-year in countries such as Australia, Brazil and India.