Despite a recent deal potentially reopening the Strait of Hormuz, major oil and gas companies are preparing for sustained instability in the Gulf energy sector. While welcoming the possibility of resumed shipping, firms do not anticipate a return to pre-existing conditions. The agreement does not address underlying geopolitical tensions impacting the region’s energy industry. Companies are therefore adjusting strategies to account for ongoing risks and potential disruptions. This shift signals a recognition that the Gulf’s energy landscape has fundamentally changed. The industry is bracing for a “new era” characterized by increased volatility and the need for resilient operational planning. The situation requires adaptation rather than a simple return to normalcy.