Chevron CEO warns of global jet fuel crunch

Chevron CEO Mike Wirth has warned that the ongoing conflict and shipping disruptions in the Strait of Hormuz are creating a severe and tightening jet fuel market. He stated that aviation is an area that will "probably get worse over the next few weeks" as supplies tighten rapidly in Europe and Asia. This warning highlights the expanding economic impact of the Iran crisis beyond maritime trade, directly affecting global air travel and logistics. The comments were made in an interview with Bloomberg, reflecting growing industry alarm over fuel security.