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Hormuz disruption accelerates global coal power reversal amid shipping strikes

Iran's effective closure of the Strait of Hormuz, marked by another vessel strike today, is triggering rapid reversals of coal phase-out commitments across major economies including Japan, South Korea, Germany, and the Philippines. Countries are lifting generation caps to offset energy supply disruptions. This represents a significant shift in global energy transition momentum, though the durability of coal's resurgence remains uncertain and contingent on resolution of Hormuz tensions.