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Chevron’s Wheatstone Struggles to Restart After Cyclone Narelle

CVX
Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply Chain

Conflict involving the US, Israel and Iran is choking off oil shipments through the Strait of Hormuz and has pushed gasoline, diesel and jet fuel prices higher. The supply disruption presents upside risk to oil and refined-fuel prices, adds near-term inflationary pressure and could raise costs for airlines and global transport.

Analysis

Conflict involving the US, Israel and Iran is choking off oil shipments through the Strait of Hormuz and has pushed gasoline, diesel and jet fuel prices higher. The supply disruption presents upside risk to oil and refined-fuel prices, adds near-term inflationary pressure and could raise costs for airlines and global transport.

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