In theory, an emergency that's blocking petro-flows and spiking prices should boost the case for clean energy. But in practice, it's way more complicated.
Why it matters: The Iran war is the biggest energy crisis since Russia's 2022 invasion of Ukraine, if not longer.
Corporate giantson Thursdayunveiled a $100 million effort to stake projects that cut climate "superpollutants" like methane, black carbon and refrigerant gases.
Why it matters: These substances are "responsible for roughly half of all climate warming to date and can contribute to harmful air pollution," per the Superpollutant Action Initiative.
Venezuela's state-owned mining company on Monday inked a multimillion-dollar deal to sell as many as 1,000 kilograms of gold destined for U.S. markets, two sources familiar with the deal tell Axios.
Why it matters: The arrangement shows the tightening commercial bounds between Venezuela and the U.S. after President Trump ousted that nation's indicted socialist dictator and exerted de facto control over its oil-rich petroleum company.
The U.S. and Israel's war with Iran is likely to impact people around the world as tensions escalate around the Strait of Hormuz, a waterway on Iran's southern coast, where traffic has ground to a halt.
Why it matters: Trade disruptions along this key waterway on Iran's southern coast that handles 25% of the world's maritime oil trade and 20% of liquefied natural gas shipments will likely produce a domino effect across the global economy.
