Oil and gas companies say they are preparing for a possible reopening of the Strait of Hormuz after more than three months of blockage. Both outlets report that firms hold expectations that shipping could resume quickly if a US-Iran deal related to ending the broader conflict in the Middle East holds. At the same time, the companies and analysts cited in the reports do not expect conditions to return to what they were before the disruption. They describe the situation as transitioning into a “new era” for the Gulf energy industry, shaped by heightened uncertainty and altered risk levels. Even with the deal in place, analysts argue that the industry’s earlier market assumptions no longer apply. They point to new risks that may require additional, potentially costly adjustments by energy suppliers and logistics operators. Overall, the articles characterize the reopening as contingent on the stability of the Iran–United States understanding, while emphasizing that the economic and operational impact of the blockade has lasting implications for how companies plan and manage exposure in the region.