Since the US and Israel launched their attacks on Iran on Feb. 28, global energy markets have been frenetic, prices swinging up and down with each new headline. Even with the prospect of the Strait of Hormuz reopening, prices of oil and gas have risen around the world, and we’re starting to see impacts on local economies, particularly in Asia. This week on Zero, Bloomberg opinion columnist David Fickling explains what those impacts are, and how they may reshape Asia’s energy systems for decades to come.

Explore further:

• Iran War: The LNG Shock Isn’t Driving Asia Back to Coal - Bloomberg
• Iran War: Expensive Oil Is EV Makers' Best Sales Pitch - Bloomberg
• Iran War: A Country Fueled by Subsidized Diesel Is Running Dry - Bloomberg

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Will the Iran War finally be the moment where countries move to renewables en masse, or will they rely more heavily on fossil fuels? This week on Zero, Akshat Rathi is joined by Aurore Belfrage, a tech investor, geopolitical risk advisor, and sustainability strategist, to look at how the energy investment landscape is changing with a fresh war in the Middle East, and how climate tech is making countries more resilient.

Explore further:

• EU Weighs Ukraine Crisis Strategy to Calm High Energy Prices
• European Consumers Seek Out Solar, EVs as Energy Prices Surge

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Sommer Saadi, Mohsis Andam, Sharon Chen and Laura Millan. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

See omnystudio.com/listener for privacy information.

Here's Why is Bloomberg’s short explainer podcast, where we take one big news story and break it down in just a few minutes with help from our experts across the newsroom.

We're dropping into your feed with a special episode featuring Akshat Rathi, who joined us to discuss why the Iran war is making a new argument for renewable energy.

The war in the Middle East has roiled oil and gas markets. The unrest and price spikes are making countries look again at renewable energy like solar and wind — produced at home and insulated from external tensions. But experts warn that the picture is more complicated.

Like what you hear? Subscribe to the Here’s Why podcast for more quick, expert-driven explainers available via the links below every Friday.

• Apple Podcasts
• Spotify
• TuneIn
• Wherever you get your podcasts

See omnystudio.com/listener for privacy information.