This study investigates the complex relationship between armed conflicts and energy prices in Latin American countries. We recognize the multifaceted nature of this relationship, where energy resources can be objectives, means, or even causes of conflicts (Månsson, 2014). The research focuses on how conflict intensity, measured by battles and fatalities, influences energy prices volatility. We employ a quantile connectivity approach to capture dependencies across different levels of conflict severity and energy price distribution. This allows us to understand how conflicts impact price volatility under varying economic and climatic conditions. Additionally, we control climate variables and fossil fuel prices to isolate the specific influence of conflicts. The findings aim to reveal significant connections between conflict presence and energy price dynamics, ultimately contributing to regional energy security. By identifying how conflict intensity affects different price levels, the study will inform mitigation strategies for affected countries. Additionally, the research contributes to policy-making by highlighting the need for resilient and sustainable energy solutions in conflict-prone regions.
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