Chevron chief on Iran war impacting energy markets: ‘The situation remains somewhat fragile and uncertain’

Mike Wirth, Chevron chair and CEO, said the impact that the Iran war has had on energy markets has left things “somewhat fragile and uncertain.”

Wirth told Fox News’s Maria Bartiromo on “Sunday Morning Futures” on Friday in an interview aired Sunday about risks to all the paths of transit for oil exports, specifically the Strait of Hormuz and the Red Sea.

Wirth said that some of the “challenges have expanded” despite “pretty strong” demand.

“And so, inventories have been drawn down around the world, whether it’s strategic stocks or commercial stocks, and the situation remains somewhat fragile and uncertain,” he continued.

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