Significant Global Energy Crisis Unfolds as Oil Prices Surge Amid Geopolitical Tensions and Supply Chain Disruptions
Context & Background The global energy landscape has been undergoing a seismic shift in recent years, primarily driven by a confluence of geopolitical tensions, climate change policies, and pandemic recovery efforts. Historically, the reliance on fossil fuels, particularly oil, has shaped international relations and economic stability. The OPEC oil embargo of the 1970s, for instance,…