With an end to the Iran conflict looking more likely each day, policymakers must reflect on the intense pressure that global energy systems have faced since hostilities began in February 2026.
To protect business and households alike from future shocks, leaders are looking for ways to shore up energy security
Standard policy options include rapidly scaling up renewable energy or doubling down on fossil fuel extraction, but both face serious downsides. Technology offers an alternative solution. By deploying tech to stop wasting existing natural gas, companies can better support energy security while also delivering climate benefits.
The Iran conflict: exposing the fragility of global energy systems Since the US and Israel began strikes on Iran in February 2026, Iran has retaliated with attacks on oil and gas infrastructure throughout the Gulf region. On top of this, the Strait of Hormuz – through which nearly 20% of global oil and gas exports travel – has been repeatedly closed, blockaded and threatened. This has driven up global energy costs, with the price of Brent crude peaking at around $120 per barrel.