Chevron CEO: Aviation industry issues will ‘probably get worse’ amid Iran war

Chevron CEO Mike Wirth warned that jet fuel shortages stemming from Iranian restrictions on Strait of Hormuz shipping will likely worsen in coming weeks, citing already-low seasonal inventories in certain regions and reduced Middle East refinery output. The reporting comes from The Hill (a major national outlet) with a bylined author and appears sourced from a "Face the Nation" interview, indicating direct attribution to a named executive. Independent corroboration from CBS News, Benzinga, AOL, and other outlets confirms Wirth's warning and adds concrete evidence: United Airlines has announced summer fare increases of up to 20%, and jet fuel costs have doubled since the Iran conflict began, representing airlines' second-largest operational expense. Watch for actual airline fare announcements and flight availability changes over the coming weeks, as well as updates on Strait of Hormuz shipping conditions and their impact on refinery operations globally.