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

Mike Wirth, the CEO of Chevron, predicted Sunday that the aviation industry will continue to suffer from jet fuel shortages arising from Iranian restrictions on shipping through the Strait of Hormuz. “Inventories of jet fuel in certain parts of the world were at seasonally, relatively low levels before the conflict began. The Middle East refiners are significant exporters of jet fuel, particularly to Europe, where 75 percent of Europe’s imported jet fuel tends to come from those refineries. …