{"id":85843,"date":"2026-04-27T10:15:52","date_gmt":"2026-04-27T09:15:52","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=news&#038;p=85843"},"modified":"2026-04-27T10:15:53","modified_gmt":"2026-04-27T09:15:53","slug":"why-the-iran-us-war-induced-oil-shock-strengthens-the-case-for-a-just-transition","status":"publish","type":"news","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/why-the-iran-us-war-induced-oil-shock-strengthens-the-case-for-a-just-transition\/","title":{"rendered":"Why the Iran\u2013US war-induced oil shock strengthens the case for a just transition"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>The just energy transition is typically framed around managing the social and economic implications of decarbonisation but the recent oil price volatility caused by the war between Iran and the US has highlighted a more immediate and pressing reality: beyond climate change mitigation, ensuring a just transition is a core strategy for reducing exposure to external shocks, stabilising macroeconomic outcomes and limiting inequality during crises, write Sherillyn Raga and Anisa Pratiwi in this commentary for the Just Transition Finance Lab.<\/p>\n\n\n\n<p><strong><em><a class=\"link link--external\" rel=\"noopener\" href=\"https:\/\/justtransitionfinance.org\/commentary\/why-the-iran-us-war-induced-oil-shock-strengthens-the-case-for-a-just-transition\/\" aria-describedby=\"link-description-new-window\" target=\"_blank\" title=\"\">External link to commentary&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a><\/em><\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This commentary from the Just Transition Finance Lab investigates which countries are most vulnerable to energy shocks, illustrating the impacts on a fossil fuel-dependent nation &mdash; Pakistan, and a fossil fuel exporter &mdash; Indonesia. The authors show that reducing fossil fuel exposure and increasing renewable sources of energy in an inclusive manner, i.e. through a just transition, can provide durable protection against future energy shocks.<\/p>\n\n","protected":false},"author":72,"featured_media":85847,"template":"","tags":[5223,1661,490,1816,1160,5222,415,697,286],"news-category":[16],"topic_area":[4688,4708],"class_list":["post-85843","news","type-news","status-publish","has-post-thumbnail","hentry","tag-energy-shocks","tag-fossil-fuel","tag-indonesia","tag-iran","tag-just-transition","tag-oil-shock","tag-pakistan","tag-resilience","tag-united-states","news-category-20-commentary","topic_area-global-action","topic_area-just-transition"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["sherillyn-raga","anisa-indah-pratiwi"],"type":"relationship","post_type":"profile"},"article_link":{"ref_value":"field_52eee3c7f0586","value":"","type":false,"post_type":""},"article_link_title":{"ref_value":"field_5322399d89d42","value":"","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why the Iran\u2013US war-induced oil shock strengthens the case for a just transition - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"description\" content=\"This commentary from the Just Transition Finance Lab investigates which countries are most vulnerable to energy shocks, illustrating the impacts on a fossil fuel-dependent nation \u2014 Pakistan, and a fossil fuel exporter \u2014 Indonesia. The authors show that reducing fossil fuel exposure and increasing renewable sources of energy in an inclusive manner, i.e. through a just transition, can provide durable protection against future energy shocks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/why-the-iran-us-war-induced-oil-shock-strengthens-the-case-for-a-just-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why the Iran\u2013US war-induced oil shock strengthens the case for a just transition - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"This commentary from the Just Transition Finance Lab investigates which countries are most vulnerable to energy shocks, illustrating the impacts on a fossil fuel-dependent nation \u2014 Pakistan, and a fossil fuel exporter \u2014 Indonesia. 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