June 01, 2026
In his latest Quick Take, Ian Bremmer says the Iran war has left the global economy paying a steep price while delivering few of the outcomes the Trump administration promised. But it may have one unintended consequence: accelerating the transition away from fossil fuels.
Ian argues that the focus has shifted away from Iran’s nuclear program and toward restoring normal traffic through the Strait of Hormuz, a vital route for global energy supplies. “This is the biggest problem for everyone around the world,” he says, pointing to the economic fallout from ongoing disruptions.
Despite the turmoil, Ian sees a potential silver lining. The conflict has exposed just how vulnerable global energy chokepoints are to disruption from relatively small-scale attacks.
As a result, he argues, governments and markets are likely to double down on alternatives to oil and gas from electric vehicles and advanced batteries to renewables and nuclear power. In his view, the long-term effect could be to speed up an already underway shift toward a post-carbon energy system.
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Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on June 18, 2026.
REUTERS/Stringer/File Photo
On Monday, President Donald Trump announced the United States would reimpose its naval blockade of Iran, effective Tuesday afternoon. Iran responded by declaring the Strait of Hormuz closed to all traffic that does not route through its preferred corridor.
Spanish Prime Minister Pedro Sánchez, Spanish Foreign Minister José Manuel Albares and Gibraltar Chief Minister Fabian Picardo attend a ceremony marking the demolition of the border fence between Spain and Gibraltar in La Línea de la Concepción, on July 15, 2026.
Samuel Vega/JNA Press/Sipa USA
People can now travel freely between Spain and British overseas territory of Gibraltar, after the European Union and the United Kingdom clinched a deal last year that facilitated the fall of the border wall between the two countries on Tuesday.
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