Iran is pouring billions into solar farms to fix its power crisis. Germany is spending hundreds of billions on offshore wind to end its dependence on Russian gas. Two parallel energy revolutions, driven by the same diagnosis, kept apart by sanctions.
Europe has six weeks of jet fuel left. Lufthansa has cancelled 20,000 flights. KLM, SAS, and easyJet are bleeding money. The Iran war didn’t just spike oil prices — it exposed a supply chain vulnerability that two decades of refinery closures made inevitable.
Iran’s closure of the Strait of Hormuz has removed 13 million barrels of daily oil supply from world markets, pushing Europe toward its worst energy crisis since the 1970s. The country Europe sanctioned into economic irrelevance now holds the key to the continent’s energy future.