“Any nation today that imports hydrocarbons has to be aware of that,” Dirks said. “And I think now that wind and solar in particular have come down dramatically in price, more and more countries will be asking themselves, ‘What is the balance of risk in using wind and solar and battery resources as opposed to importing oil and gas?’”

Whether at home or abroad, many experts say, the war-induced shock to fossil fuel markets reinforces China’s energy policies.

“The big takeaway,” Logan said, “is that this really vindicates a lot of China’s clean energy push.”

The Iran war will be known by some in the future as The Last Great Oil War, and China is by far best postitioned to benefit indirectly from it because China has invested so heavily in alternative energy.

Oil is still extremely valuable but make no mistake oil barrons are getting nervous.