Multiple vessels transiting the Strait of Hormuz have come under attack in the past several days amid ongoing war-related tensions, regional sources and industry officials report [1, 2, 3]. Chevron CEO Mike Wirth emphasized that risks remain "very real" for shipowners operating in the Persian Gulf, despite any peace accords [1].
Speaking on May 29, Wirth highlighted active hostilities in the area, saying "There still has been kinetic activity this week, some of which has been reported in the media — some of which has not" [3]. Chevron currently charters six vessels in the strait, underscoring its ongoing operational exposure [3].
Wirth reiterated that Chevron would not pay any toll to move ships through the waterway, stating firmly, "Chevron would not consider paying a toll to move ships through the Strait of Hormuz" [4, 3]. He stressed the importance of safety for resuming normal trade, noting "Shipowners have to be comfortable sending ships back in after having ships trapped for months and crews trapped for months" [3].
Insurance coverage and assurances of secure passage remain key for shipowners and insurers before oil shipping can return to prior levels through this vital route [3]. The recent attacks further complicate efforts to stabilize maritime trade flows in the strategic channel.
Chevron remains engaged with ongoing regional developments as of the May 29 statements and continues to monitor risks for vessels operating in the Persian Gulf [1, 3].
