China boosts green energy investments amid Iran conflict’s impact on oil demand: FT

China is significantly boosting its investments in green energy projects as the ongoing conflict in Iran leads to a downturn in global oil demand, according to a report by the Financial Times. The International Energy Agency (IEA) has indicated that the war has sharply reduced global oil supply, with an expected decrease in world oil demand in 2026 for the first time since the pandemic. This shift aligns with China’s strategic move towards non-fossil energy investments, as evidenced by its substantial spending on clean-energy initiatives and infrastructure. China, already a leading investor in clean energy, has directed over $43 billion towards low-carbon projects recently, with a focus on expanding its grid and renewable energy capabilities. The move comes amid a broader trend of reduced reliance on fossil fuels, driven by rising oil prices and supply disruptions exacerbated by geopolitical tensions. In the context of prediction markets, this development appears to be influencing perceptions of future oil prices. The probability of crude oil reaching a new all-time high by September 30 has decreased, currently priced at 6.8% YES, down from 9% just 24 hours ago. A similar trend is ...