EconomyFrom South Africa to Australia: Why coal profits are surging during the Iran war

The US-Israel war on Iran has disrupted oil and gas supplies, and the closure of the Strait of Hormuz has pushed countries toward coal as a cheaper, more available fuel. South African thermal coal producer Thungela Resources reported that first-half profits doubled. Analysts say the global clean-energy transition remains on track despite a possible rise in coal use.

coalIran warStrait of Hormuzenergy crisis

AAl Jazeera★★★★☆2026-08-19 06:27Original