Chevron CEO Warns Aviation Strain Could Worsen As Jet Fuel Crunch Deepens - WOWO News/Talk 92.3 FM and 1190 AM
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Published on April 29, 2026.
Checheche CEO Mike Wirth has warned that the strain on the aviation industry could worsen as jet fuel supplies tighten due to disruptions from the Iran war. Wirth noted that jet fuel in key regions was already at seasonally low levels before the conflict began, leaving markets vulnerable to supply shocks. Jet fuel prices have surged since late February due to constrained shipping through the Strait of Hormuz, a critical oil transit point. The International Air Transport Association reported a 6.7% decrease in global prices.
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