British Airways owner warns ticket prices set to rise after Strait of Hormuz closure amid Iran war.

Chevron CEO says Strait of Hormuz mines threaten global energy economy even if US-Iran peace talks yield deal. Mike Wirth warns lingering uncertainty persists.

Chevron CEO Mike Wirth expressed concern about mines in the Strait of Hormuz, noting that even if US-Iran peace talks result in a deal, the impact on the global energy economy will persist due to uncertainty.

Oilfield services firms SLB and Baker Hughes see exploration spending rising as the Iran war disrupts supply. The forecast underscores the impact of geopolitical tension on energy markets.

SLB and Baker Hughes forecast rising oil exploration spending due to supply disruptions from the Iran war.

Gulf oil output collapses ~57%, down ~14.5M bpd, as war disrupts production in Saudi, Iraq, UAE, Iran. Goldman warns Hormuz reopening may take months.

Gulf oil output collapses approximately 57%, down about 14.5 million barrels per day, as war disrupts production in Saudi Arabia, Iraq, UAE, and Iran. Goldman Sachs warns that reopening the Strait of Hormuz may take months to restore supply.

Chevron CEO: US Navy may need to escort vessels through Strait of Hormuz after reopening, citing security concerns.

Chevron's CEO said the U.S. Navy may need to escort commercial vessels through the Strait of Hormuz once it reopens, to ensure security.