Naval escorts will likely be needed when Strait of Hormuz reopens, Chevron CEO says

Washington — Chevron's chief executive said it's likely that the U.S. Navy may need to escort commercial vessels through the Strait of Hormuz once it reopens in order to ensure a level of security. The standoff over the strait has intensified amid Iran's threats against the critical channel and a U.S. blockade on Iranian ports, effectively closing it. The tensions have led to several maritime incidents in recent days. …