Iran War Has Permanently Reshaped Global Energy Markets and Trade Routes, Analysts Say
The Straits Times—Economists and trade analysts argue the US-Iran conflict has left lasting structural changes to global energy flows and supply chains that will not be undone even with a ceasefire. Shipping routes through the Strait of Hormuz were disrupted for weeks, forcing cargo to reroute around Africa and driving up freight costs across multiple sectors. The war accelerated energy diversification efforts in Europe and Asia, with several countries fast-tracking deals to reduce reliance on Middle Eastern oil.