• The Iran war is causing major disruptions in the international energy market, with oil prices rising to over $105 per barrel.
  • Oil companies like Saudi Aramco, Shell, BP, and TotalEnergies are reporting record profits, with BP doubling its profit to $3.2 billion.
  • The war is boosting demand for renewable energy and electric vehicles, especially from China, whose EV exports surge by 111.8%.
  • Chinese manufacturers like BYD and Chery are expanding into European markets, and China’s solar panel exports reach record levels.
  • Countries like Nigeria increase imports of Chinese solar panels by 519% to reduce dependence on diesel generators.

Sources & Links