The Future of Petrostates After Oil.

The Petrostates were already facing the prospect of fossil fuels' decline before the 2026 war started; now, events may accelerate fossil fuels' decline. Iran may have many times more cheap drones and missiles than the expensive systems the US, Israel & Gulf states need to neutralize them. At $20-50k each, it can build 5,000 or so per $100 million and has been preparing for years. Soon, when those expensive defences run out, 20% of the world's fossil fuel production may be at Iran's mercy and defenceless from its drones and missiles. The rest of the world may be forced to adapt to a world of permanent high oil & LNG prices. Unlike the last time this happened in the 1970s, this time there is an alternative. Renewables, batteries, and EVs were already cheaper before the 2026 Middle East War; they will be vastly cheaper as it goes on. Iran may have enough cheap missiles to last months, or possibly years. By the time they run out, the Gulf states may find the rest of the world has adapted away from needing them so much. ARTICLE - The Future of Petrostates After Oil