Strait of Hormuz reopens, but the Gulf energy industry will never be the same (opens original article in a new tab)

The Strait of Hormuz reopened after a three-month blockage, but the Gulf energy industry faces lasting changes with increased costs and new logistical challenges. Oil prices dropped but remain higher than pre-war levels, and companies are adapting with more resilient supply strategies.

• Strait of Hormuz reopened after three months of blockage
• Gulf energy industry faces lasting changes due to new risks and costs
• Oil prices dropped but remain higher than pre-war levels
• Industry shifts to 'just-in-case' logistics and diversified supply routes
• UAE accelerates construction of alternative oil pipeline