How the Strait of Hormuz blockade has forever changed the world's energy trade

The blockade of the Strait of Hormuz, a critical passage for global oil shipments, has fundamentally shifted energy trade dynamics. President Trump's announcement of reopening the strait signals a return to normalcy, but experts like Tim McDonnell argue the damage is already done. The crisis has prompted nations to rethink their reliance on single chokepoints and explore alternative routes and energy sources, marking a significant shift in global energy security strategies. This upheaval underscores the vulnerability of global supply chains and the urgency for diversification in energy policies.