Business, Finance & Tech
China Becomes 'Renewables King' as Iran War Disrupts Global Oil Supplies
The war in Iran has sent oil-starved countries scrambling for fuel. Many are opting for energy alternatives and turning to the renewables king of the planet: China.
Chinese exports of solar technology, batteries, and electric vehicles all reached record highs in March. This is a sign that the historic oil supply shock is accelerating the adoption of clean energy around the world.
After the US and Israel launched airstrikes against Iran in late February, the Iranian military effectively barricaded the Strait of Hormuz. This action cut off about one-fifth of the global oil and natural gas supply.
Asian nations that depend on the Middle East for energy are now trying to mitigate fuel shortages by encouraging conservation and shortening work hours. As countries invest more in renewable energy, China stands to benefit as the world’s largest manufacturer of wind turbines and solar panels.
Solar, batteries, and EVs have become known in China as the "new three." These categories contributed significantly to the country’s GDP in place of clothing and home appliances that previously drove growth.
In China, massive state investment in green energy industries has bolstered its self-sufficiency, reducing its exposure to the oil shortage. This dominance has granted the country more geopolitical and economic influence as it exports its technology.
The conflict in the Middle East has strengthened the long-term case for alternative energy. The fall in the costs of solar power and batteries has made renewables a clear choice for a large share of global electricity consumers.
Explore NBCPalmSprings.com, where we are connecting the valley.
By: CNN Newsource
April 27, 2026
Latest Instagram Posts
Social Time with Thalia & Jerry
What do you think is really going on here? Drop your thoughts below 👇 #therogginreport #coachella #coachellavalley #localnews #nbcpalmsprings
During the 2025-2026 school year, PEN America reported there were nearly 12,000 book bans in public schools nationwide, the largest number of book bans in a single year since the group started tracking numbers in 2021.
Delta Airlines overhauled its frequent flyer program in 2024. CNN’s Randi Kaye asks Delta CEO Ed Bastian if the airline has made it more difficult for flyers to earn status and if any further changes to the loyalty program are on the horizon.
Social Time with Thalia & Jerry. Favorite Festival?
‘The Hayden’ is back @babysmarche !! John Hayden himself took a trip to the Indian Wells staple for lunch and to chat with @chefjustinsnyder on how it became the most popular item on the menu! #TheHayden
🛑A bike ride ended in tragedy Monday night in Palm Springs. A bicyclist died after being struck by a car around 8:30 PM on E. Palm Canyon Dr. The driver stayed at the scene and police say there’s no indication of foul play or impairment. ❓Saw the crash or have video from the area? Call Palm Springs police at (760) 327–1441.
Social Time: Jerry sings the end! 🎶🎵
CALIFORNIA IS AGING FAST... BUT WHERE WILL THE WORKFORCE LIVE? #therogginreport #coachellavalley #localnews #agingpopulation #nbcpalmsprings
119 jobs on the line and DRD’s General Manager won’t answer questions … Drop a comment 👇: Would you vote YES or NO on giving a district more money if they refuse to answer transparency questions? #therogginreport #drd #coachellavalley #localnews #nbcpalmsprings