Iran’s sway in the oil market is fading as global supply chains diversify and new producers emerge, with China buying most of its exports at a discount.
EVs are weakening oil’s dominance in transport, requiring producers to defend margins and market share rather than expand supply.
Nuclear power remains underutilized despite its reliability and scale, struggling to regain market momentum amid growing calls for less reliable renewables.
Asia is a crucial market for every established energy exporter, but suppliers’ bets are not risk-free.