A 'New Normal' is developing in the global crude oil market, says Japanese analyst

The prolonged blockade of the Strait of Hormuz by Iran has led to significant shifts in global crude oil supply routes, with major producers like Saudi Arabia and the UAE expanding bypass pipelines to mitigate supply loss. Meanwhile, rising U.S. oil production and potential expansion of alternative routes are creating a 'new normal' where the blockade's impact on global energy security may be reduced.

This Wire brief sits within Fusion42's coverage of Energy Storage.