Chevron CEO warns Iran conflict has created 'very real' threat to global oil supplies as gas prices climb

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Chevron CEO Mike Wirth warns that risks to global energy supplies are very real amid rising geopolitical conflicts. Speaking with Maria Bartiromo on 'Sunday Morning Futures,' Wirth discusses oil market volatility, gas prices, and the critical need for Congress to pass permitting reform. He emphasizes how US production acts as a stabilizing force for international markets. Chevron CEO Mike Wirth warned of "very real" dangers for the global oil industry as tensions escalate in Iran and Houthi attacks on Saudi oil facilities fuel concerns over a potential new shipping crisis. His comments come as oil prices climb following President Donald Trump’s pause on U.S. strikes against Iran and as Saudi Arabia reportedly builds an international coalition to protect vital shipping routes. "We now see, not only the Strait of Hormuz, but the Red Sea and the Black S