Energy Security System Faces New Test Amid US-Iran Conflict

The global energy security system is facing a new test after the US-Iran conflict disrupted oil flows and challenged many of the assumptions established after the 1973 oil embargo.

The crisis has exposed the vulnerability of one of the world's most important energy chokepoints, the Strait of Hormuz, which accounts for roughly one-fifth of global oil flows.

The Iranian blockade and military tensions surrounding the strait have disrupted transportation and logistics, making it difficult to address supply shocks through emergency reserves or higher production quotas.

This has raised questions about whether a new energy security regime will emerge from this crisis, focusing on resilient supply chains, alternative transport routes, and geopolitical cooperation.