Jim Skea, the head of the U.N.’s Intergovernmental Panel on Climate Change, warned on Tuesday that scaling up carbon capture still faces significant challenges.
Oil prices jumped as markets react to escalating tensions after Qatar said Iranian missile strikes damaged a key liquefied natural gas export facility.
Iran’s Revolutionary Guard had threatened to attack energy facilities in Qatar, Saudi Arabia and the United Emirates.
Consumers are seeing fuel prices rapidly rise as the Iran war has triggered the biggest oil supply disruption in history.
The Trump administration “remains committed to continuing to strengthen our critical supply chains” amid the Iran war, press secretary Karoline Leavitt said.
The communist-run island nation is thought to be facing its biggest test since the collapse of the Soviet Union amid a U.S. oil blockade.
The topic of Iran is likely to dominate Thursday’s meeting, instead of investments or the U.S.’ role in Asia, experts told CNBC.
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