Four months after the Middle East conflict upended the world’s most critical transit chokepoint — the Strait of Hormuz — the global energy system is undergoing a profound structural reset. While the US-Iran memorandum of understanding (MoU) has successfully defused immediate supply shock anxieties, the market’s focus remains firmly on creating a new, post-war energy landscape that is resilient, secure and sustainable.
Energy security is re-emerging as one of the key forces behind global oil and gas markets today, and shipping disruptions in the Strait of Hormuz following the US-Iran war have made governments and companies prioritise resilience over efficiency.
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