Chevron CEO Mike Wirth warns oil prices likely to rise as Iran war drains supplies
- Posted on May 28, 2026
- By Financial Times
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- 1 min read
Chevron CEO Mike Wirth warns oil prices likely to rise as Iran war drains supplies
Blockade in Strait of Hormuz has removed up to 13mn barrels a day from global markets and drawn down ‘shock absorbers’