The Quest for Energy Security Accelerates the End of Fossil Fuel Dominance

Strategic reports confirmed that the Middle East conflict and Strait of Hormuz concerns have dealt an indirect blow to oil in favor of the green economy. The IMF noted that major European countries are using this crisis as a legislative justification to pass laws banning the sale of traditional fuel cars earlier than planned, replacing them with electric vehicles, as a sovereign step aimed at achieving full energy independence from Middle East volatility.