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Chevron ‘Concerned’ Over Hormuz Transit as US, Iran Trade Fire

May 4, 2026, 7:06 PM UTC
Kevin Crowley
Kevin Crowley
Bloomberg News
Romaine Bostick
Romaine Bostick
Katie Greifeld
Katie Greifeld
Bloomberg News

Chevron Corp. is concerned about the safe passage of ships through the Strait of Hormuz as the US attempts to restore transit through the strategic Persian Gulf waterway, said Chief Executive Officer Mike Wirth.

The US and Iran exchanged fire in the region Monday as the American military began escorting vessels through the strait. The escalation triggered by US President Donald Trump’s plan to reopen Hormuz threatened to derail a fragile ceasefire declared last month.

Chevron CEO Mike Wirth has told the Trump administration that global oil supplies are “tightening” due to the Strait of Hormuz closure. He speaks to Bloomberg Television at the annual Milken Institute Global Conference in Beverly Hills. Source: Bloomberg

“I’ve been in touch with our people that manage our shipping assets in the region and we remain concerned ...

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