The past decade has seen an unprecedented series of global energy crises, driven by military conflicts, extreme weather, and supply chain disruptions. Following the post-pandemic inflation surge in 2021 and Russia's invasion of Ukraine in 2022, the recent Iran war has caused significant disruptions to oil and gas supplies. This marks a departure from the historical norm of one major energy crisis per decade since World War Two. The interconnectedness of today's energy markets, particularly with the shift of demand from Western economies to Asia, has made them more vulnerable to geopolitical tensions. The U.S. has emerged as a leading oil and gas exporter, competing with traditional producers, while Europe's reliance on Russian energy has forced a reevaluation of its energy security. The Iran war has shattered long-standing assumptions about Gulf producers' restraint, raising concerns about the security of critical chokepoints like the Strait of Hormuz. Additionally, the transition to renewable energy, while essential for reducing fossil fuel dependence, may lead to new vulnerabilities, particularly regarding imports of low-carbon technologies concentrated in China. As global temperatures rise and extreme weather events become more frequent, volatility is expected to define future energy markets, necessitating diversified and flexible energy systems to withstand future shocks.