What does the war in Iran mean for energy in the medium term?

This article analyzes the medium-term outlook for energy in the context of the war in Iran, highlighting resource nationalism and weakening U.S. shale productivity as bullish factors. It suggests that disruptions to the Strait of Hormuz could lead to higher oil prices and that governments may increase stockpiling and diversify energy sources. The article concludes that rising marginal costs of oil and gas production will likely raise price floors, favoring low-cost producers with long resource lives and select oilfield services companies.