Energy firms brace for ‘new era’ despite Hormuz deal

Energy companies are cautiously optimistic about a swift reopening of the Strait of Hormuz following a recent deal, but they recognize that a return to pre-blockade normalcy in the Gulf energy sector will take time. The prolonged blockage has shaken the industry's stability, leading to substantial adjustments in supply chains and operational strategies. This shift could lead to long-term changes in how energy firms operate, impacting global oil and gas markets for years to come.