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Volume 11, Issue 3 (Aug 2026)
JNFS 2026, 11(3): 337-339 |
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Genelza G. The Fragility of Interdependence: A Perspective on Geopolitical Risk and the 2026 Iran War Oil Shock. JNFS 2026; 11 (3) :337-339
URL: http://jnfs.ssu.ac.ir/article-1-1626-en.html
URL: http://jnfs.ssu.ac.ir/article-1-1626-en.html
The Fragility of Interdependence: A Perspective on Geopolitical Risk and the 2026 Iran War Oil Shock
Department of Teacher Education & Basic Education Department, University of Mindanao Tagum College Tagum City, Philippines.
Abstract: (1486 Views)
The 2026 Iran War oil shock stands for a tectonic shift in the global energy paradigm, transcending traditional supply demand fluctuations to expose the visceral vulnerabilities of a hyper-interconnected global economy. Following the outbreak of hostilities in late February 2026 and the subsequent closure of the Strait of Hormuz on March 4, the global market witnessed a supply loss of approximately 12 million barrels per day, or nearly 11.5 percent of global demand. This article provides a critical perspective on the confluence of maritime insecurity, the failure of strategic reserves to dampen volatility, and the "weaponization" of energy transit. By analyzing the unique characteristics of this crisis - specifically its simultaneous impact on crude oil, liquefied natural gas (LNG), and refined fuels - the authors argue that the 2026 shock necessitates a fundamental decoupling of energy security from geographic chokepoints. Furthermore, this perspective evaluates the asymmetrical impact on the Global South and the accelerated, albeit chaotic, pivot toward decentralized energy systems.
Type of article: short communication |
Subject:
public specific
Received: 2026/04/28 | Published: 2026/08/19 | ePublished: 2026/08/19
Received: 2026/04/28 | Published: 2026/08/19 | ePublished: 2026/08/19
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