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News & Current Events Apr 21, 2026 at 1:08 PM

War in Iran causing biggest energy crisis in history, IEA says

Posted by pjw724



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EditedRed Apr 21, 2026 +192
Trump legacy piling up.
192
Jtrain360 Apr 21, 2026 +90
Incredibly lucky that the US has billions invested in green energy projects that are currently being constructed. Im sure all those new solar and wind farms will be very helpful at a time like this /s.
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[deleted] Apr 21, 2026 +48
[deleted]
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Tabbyredcat Apr 21, 2026 +8
I don't know about that. China is still extremely dependent on fossil fuels, has to import pretty much all of them and absolutely needs the strait of Hormuz to be open.
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Regularjoe42 Apr 21, 2026 +20
This isn't about using clean energy, it's about selling it.
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Tabbyredcat Apr 21, 2026 +7
Oh sure, they'll profit on that. But they still have enormous supply problems right now, like pretty much all Asian countries. In Europe we're switching to renewables fast too, but we won't get total energetic independence until 2050....and this crisis is happening now.
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notloggedin4242 Apr 21, 2026 +2
I read that Europe has aviation fuel supplies of about 6-8 weeks at the moment.
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Trumpswells Apr 21, 2026 +1
Deutsche Lufthansa will cancel some European routes and 20,000 short-haul flights scheduled until October in a bid to save jet fuel.
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Tabbyredcat Apr 21, 2026
My country in particular has no shortage of aviation fuel, but yes, I've read that UK, France and Italy do have problems.
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Apprehensive-Log3638 Apr 21, 2026 -2
Issue is you need fossil fuel to make the clean energy. No fossil fuel, all the factories, equipment and materials required to make batteries, solar panels etc. stop producing. US actually has China over a barrel here.
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AndyTheSane Apr 21, 2026
China is self sufficient in coal, which is the big source here.
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Apprehensive-Log3638 Apr 21, 2026 +3
Energy generation is only a part of Oil usage. China is also the second largest consumer of Oil so there is also that.
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Practical_Chemtrail Apr 21, 2026 +1
Check out how China is converting coal to oil and various oil derived petrochemicals. It’s wild.
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WISavant Apr 21, 2026 +4
The above statement isn't about what is happening to China today or in the next few months. It's about how they are positioning themselves to be stronger over the coming decades.
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Tabbyredcat Apr 21, 2026
Right, but I doubt this war will take decades. Regarding the **current** crisis, which is the topic under discussion, China is not having a good time at all.
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WISavant Apr 21, 2026 +2
That may be the point of the thread but it's not the topic under discussion. The post you replied to was specifically talking about how China has used this and the past two economic shocks to further its dominance on the global stage in the long term. The short-term pain they are feeling from this oil shock wont hamper that dominance.
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Tabbyredcat Apr 21, 2026 +2
China were already selling us Europeans tons of solar panels and EV batteries, because we too want to achieve energetic independence. Americans don't want to switch to renewables, in fact they recently paid 1B$ to Totalenergies so they did NOT install wind turbines in the US, so that market is gone for China, while it probably was still there during Biden. No, this crisis is very, very bad for China because they still depend enormously on fossil fuels. Well, it's bad for all of us, but especially for Asian countries who have to deal with big supply problems while we in the West "only" have to deal with high prices.
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charmbrood Apr 21, 2026 +2
If China wants Taiwan they need a lot of fuel and i mean a lot. This war with Iran hurts China a lot and I'm sure the US know that. I think this war is as much about china aswell as Iran
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Apprehensive-Log3638 Apr 21, 2026 +1
Issue with this way of thinking is the focus on outputs, not inputs. What powers the excavators to mine lithium? What powers the transportation of heavy materials from A to B? What is used to create plastic used in every green technology? Oil is not just going in a gas tank. It is used in millions of different ways throughout an economy.
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[deleted] Apr 21, 2026 +2
[deleted]
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No-Space937 Apr 21, 2026
It absolutely isn't why do people keep saying this.   China had 5 million barrels of oil per day coming in from the strait at the start of the war.  That was gone the second the war started and their strategic reserves have had to make up for it  since that start of the war. They have roughly 4 months of reserves at current usage, this is a huge issue if the strait does not reopen. A lot of oil is already traded in long term contracts, and any available shipping  China is able to receive will need rerouted tankers  with months added to delivery dates. The US is going to see higher energy prices like the rest of the world but thats it, China is facing a supply shortfall which is exponentially worse and will see entire sections of their economy shutting down if nothing changes in the current situation. *edit, also of note is the Unsanctioning of Russian oil that was previously only heading to mainly China and India now both being more expensive and open to a larger market which will effect Chinese supply as well.  It was also receiving heavily discounted oil from Iran and any oil they do manage to replace will be at a massive relative price increase.  Every single aspect of this oil crisis hits China harder.
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Doughtnutz Apr 21, 2026 +6
He'll be remembered in the Hall of Flames.
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freezeontheway Apr 21, 2026 +8
Imagine it, what will the books or the stories told in the future say about these times, 500 years from now? It’s a shame we won’t be around to know how our era will be remembered.
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BruteBassie Apr 21, 2026 +10
With the way things are going, I wonder if anyone will be around at all 500 years from now.
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Do_itsch Apr 21, 2026 +5
Yes, thanks America! 💀
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Key-Web5678 Apr 21, 2026 +1
It should follow his bloodline
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Alive_Internet Apr 21, 2026 -25
History may view this more positively than Listnookors think. The energy crisis completely cripples China, but barely affects the US. This puts the US in its most advantageous geopolitical position in decades. If the blockade can successfully take down China, history books may give credit to Trump for helping America destroy its top adversary without any violence.
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mreman1220 Apr 21, 2026 +14
You are living under a rock. China has been massively ramping up solar and wind energy. So much so, that it has started exporting materials for them around the world. Trump and maga have been screeching about China taking over the world and have basically assured it happens. This war, and the war in Ukraine, have made it abundantly clear to the rest of the world that it needs to diversify energy production. The United States is desperately trying to convince everyone that fossil fuels aren't going anywhere or should still be the primary fuel source. No one is convinced. Geopolitically, the Trump administration has been nothing short of a complete disaster for the US. I am a former Republican who doesn't even remotely like China. Trump played right into China's hand by isolating itself, pissing off its allies, and starting this war.
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Sieve-Boy Apr 21, 2026 +7
Cripples China? The centre of the worlds renewables manufacturing? More renewables are brought only per year in China that most other nations have across their entire fleets of power generation. More EVs are made and sold in China than the rest of the world combined and EVs make up the majority of sales in China. Carbon fuels, especially oil, are a dead end and China figured this out decades ago.
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azhillbilly Apr 21, 2026 +3
Nah. China will buy American oil and American oil companies will sell it to them without even thinking about the US market. They literally will sell to the highest bidder, unless the US nationalizes the oil companies. Pound for pound, it’s going to come down to who’s using oil for the largest percentage of their energy. The US has a lot less EVs and drive a lot more. Plus all the other uses of oil (like plastic) are going to be hurting the final consumer most, which is the US. Basically any pain felt by China is going to be shared/intensified on the US.
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IKillZombies4Cash Apr 21, 2026 +13
Iran knows that if they hold their cards for another 2-4 weeks, oil is going to 150+, and all those suspect trades that happened right before the 'cease fire' will have to pay up or deliver oil...so its a short squeeze. Then its pain. Also, all physical oil shipments that made it out in late february got delivered in the last week - there is nothing on the seas. Even if they open it now, those tankers move at the speed of a bicycle.
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freezeontheway Apr 21, 2026 +98
Honestly, how does anyone have the strength to deal with this kind of shit constantly? How is a worker supposed to cope with the tantrums of leaders that end up causing these global problems? What kind of dystopian world are we living in for this to have been a reality for millennia? For f***’s sake, can’t we all just get along? I’m tired of these 1984-type times, with billions of people being “managed” by a bunch of egocentric pricks. What a fucked-up life.
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Creatret Apr 21, 2026 +33
Don't follow the news. Maybe once a week you can check it but you don't need an everyday feed of Trumpish brainrot.
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TR_Pix Apr 21, 2026 +30
People not following the news is what led us to this point
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Commercial_Train5694 Apr 22, 2026 +3
Really hard to do if trumpish brainrot directly impacts your life
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freezeontheway Apr 21, 2026 +5
I completely agree with you. The afternoon news, or the typical evening news broadcast, the older I get, the more I realise that, out of 100% of the information they give you, a lot of it is often distorted or presented through the government’s point of view (insert country here lol, because honestly I think it works everywhere), and you end up with a sensationalist, nationalist, or just ignorant opinion. I’d really love to keep this stuff..this "news"... out of my life, but I work implementing technology in companies, and sadly this type of events dictates how business develops in the near future. If I knew back then what I know today, maybe I would’ve just stuck to agriculture and stayed ignorant, since life is so much simpler when you live like that. And this is only one small part of the shit life that’s coming over the next 100 years. Privacy is dying, your personal information isn’t personal anymore, and the law only seems to be enforced against little guy who just wants to work, if someone loses their head in traffic and slaps someone, they can ruin their whole life over it. Meanwhile, you’ve got thousands of children, adults, infrastructure, and essential goods being destroyed with the simple click of a button. At this point, all you can do is wake up and laugh so you don’t go insane.
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Creatret Apr 21, 2026 +9
I don't think following the news once a week is being ignorant. Just think about how much feed you have on a daily basis and what you remember a week later, let alone two. Close to nothing. I grew up in a time when dialing into the web took a few minutes. Being online in one way or the other constantly is extremely unhealthy in a ton of ways. First your mental health suffers and I don't think most people realise just how much f****** time everyone wastes online. Not just news, funny videos, whatever. If you spend just 20 minutes daily on learning something new you will reach intermediate levels in a short time. That goes for learning languages, instruments, reading books, learning a new skill, doing stretches, anything really.
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Jtrain360 Apr 21, 2026
Its more than just the news though. Even music radio stations have news every hour. Listnook, imgur, Facebook, pretty much all social media is flooded with all his shit. Even if I disconnect from the internet, its all everyone around wants to talk about. Theres no escape.
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freezeontheway Apr 21, 2026 +2
Believe me, just yesterday I came home with the radio off, just silence, because it’s impossible. You’re right, I only use Listnook, and honestly, it’s already starting to f*** with my head. I feel like my grandfather saying the future is scary, but honestly, that’s what’s happening.
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morfanis Apr 21, 2026
Using only Listnook is not good for your health. While there is informed opinion on here the vast majority is sensationalism and herd mentality.
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Creatret Apr 21, 2026 +2
That's kinda the point. On listnook you have near total control over your content. On many other social media sites you don't have that. But why do you actively need to follow the news constantly? Any major news you'll find out either indirectly or from other people. So you don't have to so that every day.
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bandwarmelection Apr 21, 2026 -3
> Don't follow the news. How can anyone get this information if they do not read your comment? Your comment is *news* after all. Your assertion is self-defeating. Rather say: Read ALL the news! The problem is that people do not read anything much. Let's get started a little bit: Stately, plump Buck Mulligan came from the stairhead, bearing a bowl of lather on which a mirror and a razor lay crossed. A yellow dressinggown, ungirdled, was sustained gently behind him on the mild morning air. He held the bowl aloft and intoned: —*Introibo ad altare Dei.* --- Congratulations! You have now started reading ALL the news, also known as Ulysses by James Joyce. Now that you have started, go all the way and read the rest of it here: https://www.gutenberg.org/cache/epub/4300/pg4300-images.html
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smitteh Apr 22, 2026 +1
We have our weapons, social media/the Internet/wallets. Once we figure out how to combine them and finally utilize our advantage, we could change our world for the better overnight. Its a shame though, all we've figured out how to do is use them to b****, moan, complain, and point our fingers at one another nonstop. Seriously, organize a f****** strike already. Or pick an oligarch mega Corp and stop doing business with it. If we do these things, we win
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PretendFly8491 Apr 21, 2026 +15
"Like no one's ever seen before."
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freezeontheway Apr 21, 2026 +5
Have we seen this before in the past?
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The_Parsee_Man Apr 21, 2026 +7
We saw higher gas prices in 2022. So yeah, and not even that long ago. https://www.macrotrends.net/3591/us-gasoline-prices The guy in the picture looks old enough that he'd remember.
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Northern_Ice_2501 Apr 21, 2026 +1
Can I ask what caused higher gas prices in 2022?
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Pariahb Apr 22, 2026 +1
The start of the war in Ukraine, probably.
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Fancy_Exchange_9821 Apr 21, 2026 +18
The prices of oil went up but im genuinely surprised to see the price still stable where i live at least at 3.40 a gallon in the US
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Slipsonic Apr 21, 2026 +3
It's because they're keeping the paper price of oil cheaper while they can by short selling futures. Oil is in a short squeeze, and it can't last forever. Can't print physical oil. Spot price people are actually paying for physical oil is well above $100.
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jeffersonianMI Apr 21, 2026 +5
Someone in Sri-Lanka took a shipment at $280. Singapore is commonly buying at $200 on the spot market. I've heard a lot of other prices around $150 for delivery. If this doesn't end soon the paper market should hit these kinds of numbers, if only briefly, though maybe not if people keep the bidding up.
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Slipsonic Apr 22, 2026 +2
I'm so tempted to buy oil futures right now. I have five grand in my account that has sat idle since the week after "liberation day". I don't know if I want to touch that hot stove though, and I'm not sure I ethically could handle making money on a crisis that is already making people suffer, with much more to come.
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jeffersonianMI Apr 22, 2026 +2
I made a bunch of money on oil with calls on futures to in the run-up to '08 (+500% return in 6 month) and then I lost it all when housing went bust. I don't normally play the markets. I have similar thoughts. But when the news moves unexpectedly it's painful.
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[deleted] Apr 21, 2026 +1
[deleted]
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btstfn Apr 21, 2026 +5
Quick Google says that $4 in 2008 is roughly equivalent to $6 now.
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Alive_Internet Apr 21, 2026 -4
Exactly. The crisis hurts other countries way more than it hurts the US, so it’s technically putting the US in a more advantageous geopolitical situation by widening the gap between how well the US is doing and how well other countries are doing.
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Tabbyredcat Apr 21, 2026 +2
This crisis hurts mostly Asian countries.  In Europe and US the problem is the price, which is effected globally, not the supply. In my (European) country today oil is like 25 cents cheaper than two weeks ago.
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LowItalian Apr 21, 2026 +3
China is gaining ground though, that's the import point here. The western world is the one hurting, including the US. Your defense is like yeah, we're going to drink poison in hopes the other guys die before we do. That's wild mental gymnastics, you're not looking at the big picture. Look at the bond market, the US is NOT doing well, consumer prices are only a small piece of the puzzle. The financial system is so complex, and frankly corrupt at this point, they are misleading everyone, hiding the real truth. Gold, silver and bonds, that's a more accurate picture of the health of the world economy.
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Fancy_Exchange_9821 Apr 21, 2026 +4
As long as china isn’t gaining physical ground then the US probably doesn’t care all that much Luckily they can’t project power beyond their borders like the US can
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WISavant Apr 21, 2026 +1
I know we live in the bad place, but most of the actual world recognizes versions of hard and soft power that don't include ships and bombs.
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LowItalian Apr 22, 2026 +1
That's a pretty big claim you're making there, China can't project power beyond their borders? Besides our navy, what advantage does the US have over China? I can tell you they are passing us in manufacturing and technology, probably AI too. China is the sleeping giant and they have been for quite some time. And quite frankly, they have way more competent leadership at the helm at this point.
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Fancy_Exchange_9821 Apr 22, 2026 +1
They can’t project military power beyond their boarders is what I meant They don’t have the same logistics the US military has worldwide
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pentox70 Apr 21, 2026 +9
Just another "once in a generation" moment that happens every year for people born after the late 80s.
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munchi333 Apr 21, 2026 +12
I mean that is objectively false lol.
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Canada1971 Apr 21, 2026 +20
The passive language in this headline and article is really misleading. The spike in the price of oil is fully the result of US and Israeli aggression in the region.
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[deleted] Apr 21, 2026 -15
[deleted]
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FamousVillage1890 Apr 21, 2026 +5
Your brain doesn't function well, though. It's why you are so susceptible to lies and misinformation.
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Dom_Mazzetti_WoT-G- Apr 21, 2026 +3
This guy drinks the kool aide
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Sweatytubesock Apr 21, 2026 +2
Would it fix things if we call it a Special Military Operation?
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fallwind Apr 21, 2026 +2
Almost like we should convert to renewable energy or something for national security
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IntelArtiGen Apr 21, 2026 +3
The biggest energy crisis in history ... yet ! It can be much worse. And this war is not even over, so even with this war it can get much worse.
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darthshot Apr 21, 2026 +3
somehow they've misprinted "Trump" with "War in Iran".
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motohaas Apr 21, 2026 +1
Sounds like more justification to embrace renewable energy sources
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HobbesNJ Apr 21, 2026 +4
Instead, Trump is actively rejecting and abandoning such efforts.
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Seven_Hawks Apr 21, 2026 +2
The US caused that.
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Fearless_Ad_5470 Apr 21, 2026 +1
So who needs to be held responsible? 
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WatRedditHathWrought Apr 21, 2026 +1
Trump $20.28 a gallon
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Severe_Air_4353 Apr 22, 2026 +1
Usa did it , gained nothing but enemies. I hate the USA for me not being able to afford gas . Costs more to go to work than what the wage is in the USA .
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trogdor1234 Apr 22, 2026 +1
Price doesn’t say that.
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xavandetjer Apr 22, 2026 +1
Asian countries have it the worst, most oil from the gulf went in that direction. In the west it's not so bad yet, but prices will increase alot more if this takes much longer, plus kerosine could run out in the eu about 6 weeks from now.
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trogdor1234 Apr 22, 2026 +1
Price will go up everywhere. It’s a global market, though types of oil are a bit segmented who uses and who produces.
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bullydog123 Apr 21, 2026 +1
Blame trump he started war to stop the Epstein files and to protect himself and his buddies that are all over the list
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Tim_vdB3 Apr 21, 2026 +1
Welp, after almost a century it's about time for a new great depression. Should we start a world war after that?
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WiskeyUniformTango Apr 21, 2026 -2
China and all their solar and battery manufacturing is absolutely loving this. Trump played right into their hands.
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No-Space937 Apr 21, 2026 +2
Might want to look where China, the world's second largest consumer of oil gets 25 percent of its oil from and what their current BPD deficit is when compared to their strategic oil reserve.
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WiskeyUniformTango Apr 21, 2026 +1
Dont matter. They got buddy russia
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No-Space937 Apr 21, 2026 +2
This assumes that Russia has spare capacity to send, and ignores that their oil was recently unsanctioned, so China and India are no longer their only buyers.  Not to mention how much their industry has been getting hammered by Ukranian drones recently taking millions of barrels off the market. I would say yeah, it really matters.
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evert198201 Apr 21, 2026 -5
I assume it is not all for nothing and America is now greater then the Mount Everrest !
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37853688544788 Apr 21, 2026 -1
All part of the plan of chaos. They have their bunkers. They’re ready.
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