The article highlights the disconnect between geopolitical events, such as tanker attacks in the Strait of Hormuz, and the underlying trends in the oil market.

Despite spikes in prices due to attacks and military actions, the broader context shows a market already grappling with surplus supply, falling prices, and reduced reliance on Middle Eastern oil.OPEC+ has begun unwinding production cuts, and forecasts indicate a potential global surplus of 3 million barrels per day by next year.The industry is shifting focus towards efficiency and scale rather than scarcity premiums.Meanwhile, natural gas is rising as a key energy export, with investments in infrastructure and projected growth in electricity generation.The piece underscores the resilience of markets to geopolitical shocks, emphasizing a long-term trend toward abundance rather than scarcity.Investors are advised to focus on fundamentals, as short-term volatility does not reflect the market's underlying direction.