I'll give you a small scale example for that.

A year ago, when discussing AI adoption in an European business, the idea of looking at Chinese providers or Mistral was not seriously considered. The obvious answer was Microsoft/Azure and OpenAI.

That has changed nowadays. As a direct consequence of the behavior of the American government towards its "allies".

You can extrapolate from that. This isn't about short term oil supply problems when the whole world (lead by China) is moving to renewables anyways. It is about long term strategic consequences.