Guyana President Warns of Mineral ‘Dependence’ as Iran War Speeds Shift From Oil

Guyana President Irfaan Ali warned that shifting too quickly to renewable energy in the wake of the Strait of Hormuz oil crisis could create a new dependence on critical minerals such as lithium, copper and cobalt.

The effective closure of the Persian Gulf waterway, through which about 20% of the world’s oil and liquefied natural gas is shipped, has caused fuel prices to spike around the world, prompting countries to reduce demand in the short term while pursuing other sources of energy in the longer term.