strikeMay 5, 2026

Chevron warns of looming global oil shortages amid Hormuz crisis

Summary

Global oil shortages to hit within weeks – Chevron CEO Physical oil shortages could begin to emerge worldwide within weeks due to the Middle East war and continued closure of the Strait of Hormuz, Chevron CEO Mike Wirth has warned.

Source: Russia Today — Read the full report

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Sources

Russia TodayBy Russia Today
Global oil shortages to hit within weeks – Chevron CEO Physical oil shortages could begin to emerge worldwide within weeks due to the Middle East war and continued closure of the Strait of Hormuz, Chevron CEO Mike Wirth has warned. Attacks on energy infrastructure and a dual ship…

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