It was believed that oil was outdated, regulated by the energy transition. Yet… the war in Iran reminds us of a brutal reality: oil remains at the heart of global power dynamics.
Strait of Hormuz on edge, maritime routes threatened, markets volatile: oil prices soar… and with them, the specter of a global economic shock.
In Tehran, the message is clear: oil can once again become a strategic weapon. A weapon capable of expanding a regional conflict to the entire planet.
And now, a new player enters the stage: the Houthi rebels in Yemen, increasing pressure on major energy routes.
So why is our dependence on oil still so strong? Is an oil shock inevitable? Should we prepare to pay the price?
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Matthieu AUZANNEAU, Journalist specializing in oil issues, former director of The Shift Project think tank, author of “Pétrole. Le déclin est proche” at Éditions du Seuil (02.09.21)
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Philippe TRISTANI, Geography and History Teacher, Doctor of international relations and European history, author of “L’Iraq Petroleum Company (1911-1975). Western Imperialism and Oil Colonization in the Middle East” at Peter Lang Editions (December 2024)
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Jean-Baptiste FRESSOZ, Historian of sciences, technologies, and the environment, CNRS researcher, teacher at EHESS and École des Ponts et Chaussées, author of “Sans transition, une nouvelle histoire de l’énergie” at Éditions du Seuil (12.01.24), winner of the Senate Prize for History Book 2025
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Anne-Laure KIECHEL, Economic Adviser, founder of Global Sovereign Advisory
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Dorothée ROUZET, Chief economist at the Directorate General of the Treasury
