Chevron feels Iran war heat as Leviathan gas field goes dark
By Dana Sullivan Kilroy
Published on March 5, 2026.
The U.S.-Israeli war with Iran has impacted Chevron's Middle East growth engine, the Leviathan gas field. Israel ordered Chevron to shut down production at its offshore Leviathan gas facility due to joint U.,S.,Israeli strikes on Iran and retaliatory attacks, raising security risks to critical energy infrastructure. Chevron declared force majeure, stating it cannot meet some contract obligations due to events beyond its control. The field, Israel's largest gas field, is a key supplier to Israel, Egypt, and Jordan. This is part of a larger pattern of Middle East energy assets going offline due to the Iran war. The disruption has also affected Qatar's liquefied natural gas facilities and Saudi Arabia's largest domestic refinery. Global oil and gas prices have risen by over 15% since the latest round of strikes began, with Brent crude up over $82 per barrel.
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