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NEW: Hormuz reminded fuel importers that buying energy cargo by cargo means importing every price shock. In TIME, María Mendiluce and I argue the response will decide who becomes the electrostates of the next decade. @wemeanbusiness.bsky.social time.com/article/2026...

time.comThe Rise of Electrostates Could Redraw The Global EconomyLooking at electrification across the world reveals how unevenly this transformation is progressing

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