Wall Street opened lower on Monday as renewed strikes between the United States and Iran pushed oil prices higher. ^[1] In 2025, 98.6% of the electricity produced in Costa Rica came from renewable sources including water, geothermal energy, wind, biomass, and solar power. ^[2] For decades, market observers treated the price of oil as the primary gauge of Middle East crises, with the immediate question during any war being how much the barrel price would rise. ^[3] Costa Rica continues to depend on oil and its derivatives for moving people and goods, representing a significant portion of its energy usage. ^[4] The high level of renewable electricity generation in Costa Rica is the result of decades of public policies that allowed the construction of one of the world's cleanest electrical grids. ^[5] The conflict with Iran is producing an anomaly in that oil prices are not following the historical pattern of rising during Middle East wars. ^[6] The real energy shock from the Iran conflict is not occurring in the oil market but elsewhere, according to the author. ^[7] The Toronto Stock Exchange opened sharply lower on Monday. ^[8] While the electricity sector in Costa Rica is decarbonized, the broader economy has not yet transitioned away from fossil fuels. ^[9]