Chevron CEO Warns of Imminent Global Oil Shortages as Strait of Hormuz Remains Closed

According to a Reuters report, Chevron Chairman and CEO Mike Wirth has issued a stark warning about tightening oil markets, predicting that physical shortages will soon emerge worldwide due to the ongoing closure of the Strait of Hormuz. Speaking Monday during a Milken Institute discussion, Wirth highlighted the critical chokepoint, which carries about 20% of […]

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