Hormuz Crisis Triggers a Global Pivot to Self-Reliant Energy
The closure of the Strait of Hormuz is nudging governments and businesses to rely more on domestic energy, boosting plans for new refineries and renewables, expanding stockpiles, and accelerating grid upgrades—from Guyana’s refinery talks to Indonesia’s solar push and Belgium’s nuclear revival—while consumer shifts to electric vehicles and rooftop solar surge, highlighting a longer-term push for energy resilience even as costs and policy gaps persist and depend on how long the conflict lasts.
