<div id="readability-page-1">Oil prices have not topped $100 a barrel since the aftermath of Russia’s full-scale invasion of Ukraine. They blew past that mark in March 2026, and they are still climbing. The Iran war and the near-total closure of the Strait of Hormuz have yanked roughly 7.5 million barrels per day of Gulf crude off global […]</div>

<p>Oil prices have surged past $100 a barrel for the first time since March 2026, driven by the Iran war and the closure of the Strait of Hormuz, which has removed approximately 7.5 million barrels per day of Gulf crude from the global market. Despite these challenges, the growth of solar and wind energy is helping to mitigate the impact of these energy shocks.</p>

Occidental Petroleum

BP p.l.c.

HSPC

SPDR Energy Select

First Trust Global Wind Energy

SPDR O&G Equip

VanEck Oil Refiners ETF

VanEck Oil Services ETF

GF CSI All Share Power Public Service ETF

iShares S&P Global Clean Energy

Us Brent Oil

VG Energy

E Fund CSI Green Power ETF

iShares US Oil Equip & Svcs

Pro Ultr Bloomberg Crude Oil

Penghua SSE STAR New Energy ETF

ISHRS S&P Glb Engy

United States Oil Fund LP

ChinaAMC Green Electricity ETF

iShares US Oil & Gas Expl & Prod

SPDR O&G Ex & Prd

Invesco Solar ETF

Alerian Energy Infrastructure ETF

Data: Solar and wind blunt energy shock from Iran war and oil risks