A Protracted US–Iran War Could Strain Climate Finance From Wealthy Countries to Developing Nations

Inside Climate News · By Aman Azhar · last updated April 17, 2026 – 3:15 PM

As rising oil prices make the case for renewables, experts say the World Bank and IMF must accelerate the shift to solar and wind or risk.

By Aman Azhar

WASHINGTON, D.C.—The ongoing war in Iran is casting a long shadow over the climate finance commitments countries agreed to in 2024, experts warned, as surging oil prices and rising defense budgets put further pressure on the limited pot of money developing nations are counting on to stave off worsening impacts from a warming planet.

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