Iran war spurs energy importers to cut fossil fuel reliance

The Iran war is prompting energy-importing nations to reduce fossil fuel dependence, but the path is complex. Australia's Fortescue reports annual savings of A$1.2 billion from electric vehicles and renewables, while EV sales in Australia nearly hit half of all sales in July. Vietnam, Indonesia, and Thailand are also boosting EV adoption. Experts suggest a hybrid approach, balancing fossil fuels with electrification, as the key to energy security.