‘Never the same’: How war on Iran changed the global energy sector

Following a US and Israeli war on Iran beginning in late February, global oil prices have fluctuated significantly, and energy suppliers have sought alternative routes to bypass Iran's control over the Strait of Hormuz. Analysts predict the conflict has permanently altered the energy sector, accelerating a shift to renewables and diversification away from the Strait of Hormuz, with ongoing tensions likely to deter future investment in the region.