New Delhi, March 27 -- The crisis currently being wrought in the region involving Iran is not simply a matter of geopolitics; it is a test for the energy security of the Global South. However, beneath this surface-level crisis, a more nuanced difference is being created. Pakistan is not experiencing this crisis in quite the same way that others in the region are. While this crisis may look and feel like a monolithic event, it is, in fact, revealing the early outlines of a new energy paradigm that is already being created.

The key to this crisis is the Strait of Hormuz, which is one of the most important channels for global energy supplies. Instability in this region is felt instantly, and it is revealing to see how dependent energy-impor...