Global Energy System Exposed: New Era of Strategic Autonomy Dawns

The recent conflicts between the U.S. and Iran, as well as Russia's invasion of Ukraine, have exposed weaknesses in the global energy system.

These wars are not just regional or military conflicts, but also demonstrate that energy security is linked to financial security, transportation, military security, strategic autonomy, and even ties with world power hegemonies.

The International Energy Agency (IEA) reported that the disruption of oil flows through the Strait of Hormuz due to the U.S.-Iran conflict was the largest in its history, affecting 20 million barrels per day of crude oil and refined products.

Countries are now pursuing greater strategic autonomy by diversifying their energy supplies, building alternative transport routes, strengthening domestic capabilities, and reassessing their relationships with major global powers.