Iran conflict shifts global oil power balance toward Americas as Hormuz supply disrupted

Disruption of oil flows through the Strait of Hormuz due to the Iran war has prompted buyers to secure alternative supply, driving investment and production growth across the Americas from Canada to Argentina. This marks a structural shift in global oil power toward Western Hemisphere producers, potentially reducing long-term reliance on Middle East exports. The extent of the shift depends on the duration of the conflict and the pace of American supply response.