Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables
Published . Updated .
New Greenpeace International analysis shows how dependence on fossil fuels leaves household budgets exposed to volatile international markets, with price shocks feeding through into the wider economy.
Directly affected
- No company is named in this report.
Indirectly affected
- TAN Invesco Solar ETF-6.4% 30d
Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “renewable” (clean energy) in this story.
- ICLN iShares Global Clean Energy ETF-7.3% 30d
iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “renewable” (clean energy) in this story.
- USO United States Oil Fund+7.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- ITA iShares U.S. Aerospace & Defense ETF-2.9% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XOM ExxonMobil Holdings+10.3% 14d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+8.4% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- FSLR First Solar-12.3% 30d
First Solar (semiconductors and related devices): clean-energy firms move with renewables policy and demand. Linked by “renewable” (clean energy) in this story.
- NEE NextEra Energy-0.7% 30d
NextEra Energy (electric services): clean-energy firms move with renewables policy and demand. Linked by “renewable” (clean energy) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TANNo price data for this ticker | — | — | — | — | — | — | — |
| ICLNNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -2.52% | -0.26% | base | +0.32% | after close | after close | after close |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.14% | +1.35% | base | +0.18% | after close | after close | after close |
| CVXNo price data for this ticker | — | — | — | — | — | — | — |
| FSLRNo price data for this ticker | — | — | — | — | — | — | — |
| NEENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables Greenpeace
Source: Greenpeace
Price since this story was published: Invesco Solar Etf (TAN)
| Company | When | Move | Status |
|---|---|---|---|
| United States Oil Fund (USO) | that day | +0.32% | final price |
| United States Oil Fund (USO) | three days earlier | -0.26% | final price |
| United States Oil Fund (USO) | five days earlier | -2.52% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.18% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +1.35% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.14% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 59 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 36 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 57 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 64 days before publication. Filed 8 Oct 2026. View the filing.
- Sen. John Boozman bought First Solar (FSLR) (jointly held), worth $1,001 - $15,000 on 13 Aug 2026. That is 77 days before publication. Filed 11 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 2 Oct 2026. That is 27 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $15,001 - $50,000 on 14 Sep 2026. That is 45 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nextera Energy (NEE) (jointly held), worth $1,001 - $15,000 on 2 Sep 2026. That is 57 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Solar Etf (TAN)
Companies that tend to gain
- XOM ExxonMobil Holdings
In “Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
Chevron (CVX) tends to benefit, medium confidence in the 29 Oct 2026 story “Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- TAN Invesco Solar Etf
Invesco Solar Etf (TAN) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables.” Reason on file: Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “renewable” (clean energy) in this story
- ICLN Ishares Tr
For “Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables,” Ishares Tr (ICLN) is linked, with no stored direction, medium confidence. Reason on file: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “renewable” (clean energy) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- ITA IShares U.S. Aerospace & Defense ETF
In “Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
How energy news reaches Invesco Solar Etf (TAN)
“Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables” (29 Oct 2026) reaches Invesco Solar Etf (TAN) through Energy.
The link for Invesco Solar Etf (TAN) is this: Invesco Solar ETF: it holds solar and clean-energy companies. Linked by “renewable” (clean energy) in this story
Ishares Tr (ICLN) is here too. Its reason reads: iShares Global Clean Energy ETF: it holds solar and clean-energy companies. Linked by “renewable” (clean energy) in this story
Dates and price levels for Invesco Solar Etf (TAN)
ICLN traded between 16.21 and 17.63 across 19 sessions. The latest close on file is 16.27. TAN traded between 40.77 and 46.34 across 20 sessions. The latest close on file is 41.77. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.69.
What the saved facts support for Invesco Solar Etf (TAN)
46 out of 100
“Fossilflation: War on Iran oil shock shows why we need to replace fossil fuels with renewables” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.