Energy security focus boosts oil investments amid Iran war disruptions

The Iran war and the resulting blockade of the Strait of Hormuz have caused a major disruption in global oil supplies, highlighting the fragility of the energy system. Oil and gas CEOs say this will lead to increased investments in oil exploration and production, especially offshore, and a push for energy security through diversified supplies and rebuilding stockpiles. Low carbon energy solutions like nuclear and geothermal will also continue to receive investment. The market is now tighter with higher prices expected to persist, encouraging long-term investments in regions like Africa.