The U.S.–Iran and Russia–Ukraine wars are more than regional or military conflicts. They are exposing weaknesses in the global energy and economic system and demonstrating that energy security can no longer be seen as independent of financial security, transportation, military security, strategic autonomy, and even ties with world power hegemonies. The Russia–Ukraine war disrupted Europe's long-standing dependence on Russian pipeline gas. The U.S.–Iran conflict has exposed another vulnerability: the concentration of global…

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