The war in Iran has prompted international financial institutions to urge lower-income countries to reduce their reliance on fossil fuels, with a focus on energy diversification including geothermal, nuclear, gas, solar, and wind sources. Countries are looking to secure stable oil and gas supplies in light of Iran's closure of the Strait of Hormuz, with some fast-tracking renewable energy projects and investing in solar, nuclear, hydropower, and coal. The World Bank and IMF are monitoring energy shortages and providing assistance, emphasizing the economic value of clean energy and the importance of diversified energy sources. Former officials stress the importance of energy diversification for resilience, security, and economic stability, as well as the need for reforms to address climate-related challenges.