Brent crude jumped 10 per cent to about $80 US a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 US after U.S. and Israeli strikes on Iran plunged the Middle East into a new war.
The global oil benchmark has rallied this year and reached $73 US a barrel on Friday for its highest since July, buoyed by growing concern over the potential attacks that arrived a day later. Futures trading is closed over the weekend.
“While the military attacks are themselves supportive for oil prices, the key factor here is the closing of the Strait of Hormuz,” said Ajay Parmar, director of energy and refining at ICIS.


Depends where you are. Electrify can be fossil fuel.
Even so, it’s still healthier for everyone to have a single giant combustion engine producing electricity in a remote area instead of millions of tiny combustion engines spread out throughout entire cities and residential areas polluting the streets and neighbourhoods.
Easier to deploy other technologies like carbon capture, etc.
That’s a pretty reductive take, and doesn’t really account for how emissions are generated.
I don’t disagree that burning fossil fuels to generate electrical power doesn’t happen, nor that it’s not great for the environment (coal in particular is evil in that it contains radioactive particles that get concentrated in the waste ash — decommissioned coal plants are more radioactive than decommissioned nuclear plants).
However, your take misses these basic facts:
FWIW, I live in a jurisdiction where the electrical supply is 85 - 90% green already (primarily hydroelectric, with wind and solar) — so your concern doesn’t apply to me personally. However, even in jurisdictions that are burning 100% coal for their power, driving an EV is still overall better for the environment over driving an ICE vehicle.