Middle East instability is accelerating the transition to renewable energy as nations seek energy security, with China emerging as a major beneficiary of this shift.

The recent escalation in the Middle East has produced an unforeseen winner. The conflict has rekindled worries about logistics and energy security, prompting governments and businesses to reconsider their reliance on fossil fuels and fragile supply routes. This has sped up the move towards renewable energy. And the principal beneficiary of this shift is China. The strategic significance of the Strait of Hormuz is well understood. Roughly one-fifth of the world’s oil trade passes through this...