Do not politicise a geopolitical crisis – Ydreos
The Strait of Hormuz disruption has exposed weakness in the global energy system and reignited debate over security of supply, but it should not be used to justify an accelerated shift away from fossil fuels, says the secretary general of the IGU
Policymakers should avoid politicising the oil and gas crisis triggered by the US-Iran conflict by using it to justify an accelerated shift away from fossil fuels, Mel Ydreos, secretary general of the International Gas Union (IGU), told Petroleum Economist. The closure of the Strait of Hormuz and other fallout across energy markets should not be responded to with “ideologically driven policy but realistic pathways forwards”, that recognise gas will remain essential to global energy systems for decades to come. “Particularly in Europe, they are trying to politicise the current situation by saying, ‘we told you so, we have got to get rid of fossil fuels’,” he explained. “[But] you cannot repla
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices






