Major oil and gas companies are cautiously optimistic about the potential reopening of the Strait of Hormuz following a recent agreement. However, industry leaders do not anticipate a swift return to pre-blockage conditions in the Gulf energy sector. The three-month disruption has prompted firms to prepare for a prolonged period of instability and altered operations. While the deal offers some relief, companies are acknowledging a “new era” of challenges in the region. This includes increased security costs, diversified supply routes, and a reassessment of risk factors. The situation highlights the vulnerability of global energy supplies to geopolitical tensions in the critical Hormuz Strait. Firms are now focused on building resilience and adapting to a potentially more volatile future for Gulf energy production and transport.