Persian Gulf: 20 million daily barrels highlight urgent need for energy alternatives
Dependence on fossil fuels routed through the Strait of Hormuz, which recorded 20 million barrels per day in 2024, is pushing experts and institutions to advocate for renewable energy as a national security imperative.
| Countries | Iran, Israël, États-Unis, Oman, Qatar |
|---|---|
| Companies | Grant Thornton, Good Vision for Corporate Responsibility |
| Theme | Politique & Géopolitique, Sécurité énergétique |
Crises in the Persian Gulf highlight the structural fragility of a global economy still heavily dependent on fossil fuels. In 2024, oil flows transiting through the Strait of Hormuz averaged 20 million barrels per day, or about 20% of global petroleum liquids consumption. This narrow maritime passage, sandwiched between Iran and Oman, constitutes the main outlet for Persian Gulf oil exports as well as a large share of Qatar's liquefied natural gas (LNG). The confrontation involving Iran, Israel and the United States brings this debate into focus with particular urgency.
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