IllustrativeThe energy transition has its own Strait of Hormuz
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The energy transition is being compared to the Strait of Hormuz, a critical oil shipping lane, in terms of its potential geopolitical implications. There are concerns about the impact of global conflicts, such as those in the Middle East, on energy policies and the transition to cleaner energy sources. The situation is being watched closely by various regions, including Europe, which is considering how to safeguard its energy future.
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