Summary

Carbon dioxide emissions from fossil fuels are expected to drop this year for the first time in five years. The slowdown has been partly attributed to the energy shock triggered by the US and Israel’s war on Iran. The conflict, which began in February, led to a jump in oil prices after the Strait of Hormuz, the main trade route for about 20 per cent of the world’s oil and liquefied natural gas, was blockaded by Iran in response.

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