Chevron CEO: Multiple Ships Attacked In Strait of Hormuz

AI Summary

Chevron CEO Mike Wirth revealed that multiple vessels in the Strait of Hormuz have been attacked this week, severely disrupting commercial shipping traffic through the strategic channel. The Strait, which carries 20% of the world’s petroleum, is experiencing traffic at about 10% of pre-war levels due to ongoing risks despite diplomatic efforts.

Multiple vessels transiting the Strait of Hormuz have suffered attacks this week, Chevron Corp. (NYSE:CVX) Chief Executive Officer Mike Wirth revealed in an interview on Bloomberg TV on Friday. According to Wirth, these previously unreported incidents highlight ongoing risks for ships plying the channel despite any ongoing diplomatic efforts. Commercial shipping traffic through the key chokepoint--which normally carries 20% of the world’s petroleum--remains paralyzed with traffic at roughly 10% of its pre-war levels. Wirth says Chevron currently…