Keep pulling the thread on Daniel Yergin.
The closure of the Strait of Hormuz represented the most significant supply chain shock in modern history.
In 2025, approximately 22 to 23 million electric vehicles were sold globally.
The Strait of Hormuz is a transit point for approximately 20% of the world's oil and gas supply.
Iran's use of drone technology was a key capability that enabled it to effectively control the Strait of Hormuz and impose a toll on passing ships, with the revenue directed to the IRGC.
Gulf countries like Saudi Arabia and the UAE are expected to increase their defense spending, allocating a larger portion of their sovereign wealth funds to military capabilities in response to heightened regional risk.
The president of Ukraine has been in the Gulf region negotiating deals to supply drone technology and expertise to those countries.
The recent Gulf crisis has exacerbated tensions within NATO, leading to discussions among European members about the possibility of a security alliance that does not include the United States.
The closure of the Strait of Hormuz caused severe supply shortages in Asia, while Europe experienced some impact and the U.S. primarily saw higher gasoline prices without supply issues.
The closure of the Strait of Hormuz revealed previously underappreciated supply chain dependencies for commodities like fertilizer, petrochemicals, sulfur, and helium, the latter of which is critical for Taiwan's semiconductor industry.
The value of U.S. LNG exports is equivalent to 75% of the value of all U.S. semiconductor exports.
The AI boom is responsible for approximately half of the GDP growth in the United States.
U.S. utility executives at CERAWeek are now forecasting annual electricity demand growth of 5% to 8%, a significant increase after years of flat demand.