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Market Chatter: Chevron CEO Says Several Vessels Attacked, Warns of 'Very Real' Risks in Strait of Hormuz

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Chevron (CVX) CEO Mike Wirth on Friday claimed that several vessels passing through the vital Strait of Hormuz have been targeted recently, highlighting the "very real" risks in the Persian Gulf for shipowners, regardless of the status of the peace deal, according to a Bloomberg report.

Talking to Bloomberg TV, Wirth said several vessels have been attacked in transit, and while the incidents may not have happened every day, there were multiple instances.

Wirth said while not all the kinetic activity that happened this week was reported in the media, "we see risks very real still in that environment."

Chevron, which has six vessels under charter in the Persian Gulf waterway, will not consider paying a toll for transit through Hormuz, Wirth said, adding a decision on whether to pass through the Strait will lie with the ship owner.

Meanwhile, the Islamic Revolution Guard Corps on Thursday said that 26 commercial ships, including oil tankers, transited through the Strait of Hormuz over the past day after securing approval from Tehran, Fars News agency reported.

Meanwhile, several vessels were stopped or turned back for not having proper authorization, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $181.94, Change: $-1.09, Percent Change: -0.60%

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