Iran war energy crisis is a renewable energy wake-up call

The Iran war is exposing how much the global economy still depends on fragile fossil fuel supplies. The conflict has virtually choked off the Strait of Hormuz, a vital shipping lane for a fifth of the world’s oil and liquefied natural gas. That's shaking up markets and pushing prices higher. Countries reliant on imported fossil fuels — from wealthy industrial economies to poorer developing nations — are facing major disruptions that can quickly ripple through utility bills, food prices, transport costs and electrical grids. Analysts say the crisis is a stark reminder that energy security is not just about stockpiles and shipping, but also about the lagging transition to renewable energy.

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I would argue a nuclear one as well. Energy independence and abundance should rely on a number of sources of energy.

The Chinese already have a 125e Small Modular PWR that would be excellent for small islands like those of the Caribbean. It is the Linglong-1 [0]. I believe the first one cost 800 million dollars. It will be interesting to see the price reductions as it goes into serial ptoduction.

[0] https://www.reuters.com/business/energy/china-start-commerci...