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

The article discusses the medium-term outlook for energy in light of a fictional war in Iran, which has led to the closure of the Strait of Hormuz. It suggests that resource nationalism and the maturing of U.S. shale oil and gas production will create a bullish environment for energy prices. Countries are expected to increase stockpiling and diversify energy sources, while higher production costs for shale will raise the floor for oil and gas prices.