Coal Demand Soars Amidst Geopolitical Tensions in the Strait of Hormuz

The ongoing conflict between the US and Israel against Iran is prompting a significant shift in global energy consumption, with many nations increasingly resorting to coal. This move comes as fears of potential disruptions in the vital shipping lanes of the Strait of Hormuz intensify, leading to a surge in coal demand.

According to the International Energy Agency, coal usage is set to reach unprecedented levels, with a projected increase of 1.2% this year. This uptick will push global coal demand to an all-time high of 8.94 billion tonnes. Countries are prioritizing energy security, turning to coal as a more stable, albeit environmentally detrimental, alternative amid the geopolitical turmoil.

As nations grapple with fluctuating energy markets, the reliance on coal, known for its high pollution levels, raises concerns about long-term environmental impacts. The situation underscores the complexities of balancing energy needs and environmental responsibilities in a time of crisis.

Source: www.france24.com