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Middle East Conflict Spurs Coal Use, EV Interest in Asia

4/1/2026

30 3 Full Breakdown

Summary

Story summary

The ongoing Middle East conflict has disrupted energy supplies in Asia, prompting many countries to use more coal.
India and Thailand are ramping up coal use to address shortages.
The Philippines has declared a national energy emergency to curb rising fuel costs and explore alternatives.
The crisis has spurred interest in electric vehicles, with Australia reporting a surge in EV loans.

History

Historical Context

The 1973 oil crisis emerged from the Yom Kippur War, when the Organization of Arab Petroleum Exporting Countries (OAPEC) imposed an embargo on nations supporting Israel, leading to a 300% surge in oil prices. This crisis reshaped global energy policies, prompting countries like India and Thailand to pivot to coal and renewables, highlighting the ongoing significance of energy diversification in today's geopolitical landscape.

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Story summary

The ongoing Middle East conflict has disrupted energy supplies in Asia, prompting many countries to use more coal.
India and Thailand are ramping up coal use to address shortages.
The Philippines has declared a national energy emergency to curb rising fuel costs and explore alternatives.
The crisis has spurred interest in electric vehicles, with Australia reporting a surge in EV loans.

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