Energy firms brace for ‘new era’ despite Hormuz deal

Energy companies are cautiously optimistic about the Strait of Hormuz reopening following a recent deal, yet they're preparing for a prolonged shift in the Gulf's energy landscape. The ongoing geopolitical tensions and infrastructure challenges mean a return to pre-disruption norms won't be immediate. This signals a "new era" for the industry, with implications for global oil prices and regional stability. Companies are adapting strategies to navigate this uncertain environment, highlighting the sector's resilience amidst evolving global dynamics.