
The article outlines four plausible futures for global energy markets based on U.S. actions and Iran’s control of the Strait of Hormuz. A U.S. withdrawal could either restore the status quo or lock in a new normal of higher, volatile oil prices, while U.S. escalation could lead to either a costly protracted conflict or a rapid, albeit uncertain, restoration of secure shipping. Across all scenarios, elevated oil prices, inflationary pressure, and an accelerated push toward domestic and renewable energy are expected. The analysis stresses that the conflict’s ripple effects will shape energy policy and market dynamics for months to come.

California’s Air Resources Board released new guidance that pushes the state’s climate‑disclosure regime forward despite ongoing legal challenges. The updates clarify reporting timelines, allow optional early filing for 2024, and broaden the data scope to include Scope 3 emissions for large...

A new World Meteorological Organization assessment shows Earth’s energy imbalance accelerating, with over 90% of excess heat stored in oceans, intensifying systemic climate risks. Swiss Re data reveal secondary perils such as wildfires, floods and storms now account for 92%...