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Chevron CEO warns Iran conflict has created 'very real' threat to global oil supplies as gas prices climb

Chevron CEO Mike Wirth warns of "very real" risks to oil supply as the Strait of Hormuz, Red Sea and Black Sea face growing threats amid Iran conflict.

Fox News Latest By Nora Moriarty Captured Aug 2, 2026, 5:46 PM
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Chevron CEO Mike Wirth warns that risks to global energy supplies are very real amid rising geopolitical conflicts.

Speaking with Maria Bartiromo on 'Sunday Morning Futures,' Wirth discusses oil market volatility, gas prices, and the critical need for Congress to pass permitting reform.

He emphasizes how US production acts as a stabilizing force for international markets.

Chevron CEO Mike Wirth warned of "very real" dangers for the global oil industry as tensions escalate in Iran and Houthi attacks on Saudi oil facilities fuel concerns over a potential new shipping crisis.

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