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Gulf oil exports rise despite Iran war; Hormuz transit risky, cargoes missed
Euronews·IR · AE · SA·2 days ago
Analysis by Carbon Brief indicates that UK wind and solar generation displaced gas imports worth £5.9bn since the Hormuz crisis began, reducing exposure to volatile LNG prices. The figure is an estimate based on avoided gas volumes and price assumptions, not a direct accounting. This highlights the strategic value of renewables in mitigating energy security risks during supply disruptions.
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