energybusiness2.695 min read Hormuz disruption to trigger a fundamental shift in global energy
CEOs of major oil and gas firms say the Iran war and the closure of the Strait of Hormuz will drive a global energy rebalancing: governments will prioritize energy security and diversify supplies, investment in oil exploration and production will rise, offshore and deepwater opportunities will expand, and funding for low-carbon options like geothermal and nuclear will continue, with inventories rebuilt and U.S. crude playing a pivotal role as supply remains tighter post-disruption.
3 hours ago•Source: CNBC
