Chevron CEO Warns Gas Prices Have Not Peaked Amid Hormuz Blockade

Chevron CEO Mike Wirth stated that gas prices have not yet peaked, challenging recent assessments within the Trump administration regarding energy market stability. This warning comes as the blockade of the Hormuz Strait intensifies, directly threatening global oil supply chains and inflationary pressures. The comment underscores the fragility of the current energy landscape and the potential for significant economic disruption if geopolitical tensions escalate further.