Kuala Lampur, May 25 -- The February 28, 2026 joint assault by the US and Isreal on Iran, followed by Iran's counter response to this strike had resulted in an energy crisis that has reverberated across the globe.

Oil price had hiked from US$72 per barrel and escalated to USD$118 per barrel in April 2026, an increase of more than 60 per cent arising from the closure of the Strait of Hormuz which had disrupted about a fifth of global oil flows.

The world's addiction to fossil fuels that must move continuously through pipelines, shipping routes and other critical infrastructure has exposed its profound vulnerability to geo-political shocks.

Presently the world is yet again witnessing and experiencing an energy crisis arising from oil sho...