Chevron CEO Mike Wirth says the ongoing conflict involving Iran is creating “very real” risks to global oil supplies, with potential effects on energy prices. In his comments, Wirth points to heightened concerns along major maritime routes used for shipping oil and other fuels. He cites the Strait of Hormuz as a key chokepoint, alongside other shipping corridors including the Red Sea and the Black Sea, describing growing threats that could disrupt transport and supply chains. Wirth’s remarks also come as gas prices rise, linking the supply risk to market pressures that consumers may see. The overall message across the reporting is that geopolitical developments could affect the movement of crude oil and refined products through critical international lanes, increasing uncertainty for global supply. While the reports emphasize the possibility of disruption and the resulting risk to prices, they do not provide specific estimates of how much supply could be affected or immediate, confirmed levels of shipping disruption. The coverage frames the warnings as a concern from industry leadership as tensions persist.