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Opinion / 中东
Iran’s wider goal is to raise global energy prices, including those for Gulf oil-dependent Southeast Asian countries like the Philippines and Vietnam.
If the current war creates a prolonged oil crisis, there will be more downward pressure on oil use – and an equal acceleration in China of electric car production at home, with an associated surge in exports.
Around a third of globally traded urea passes through the Strait of Hormuz and importing countries are less self-sufficient than they appear.
Now is the time to double down on renewable energy and electrification.
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