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Chevron CEO Mike Wirth Warns Oil Prices Face Prolonged Pressure Due Amid Strait of Hormuz Crisis: 'Can't Turn On Production At A Moment's Notice'
April 27, 2026
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Chevron CEO Mike Wirth warned that oil prices are likely to stay under prolonged upward pressure as disruptions in the Strait of Hormuz and reduced global inventories limit the market's ability to absorb ongoing U.S.-Iran supply shocks. Importance Rank: 1 read more
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