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Chevron’s CEO said it would not consider paying a toll to move ships through the Strait of Hormuz.<\/p>\n
(May 29): Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the \u201cvery real\u201d risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp chief executive officer Mike Wirth said.<\/p>\n
\u201cThere still has been kinetic activity this week, some of which has been reported in the media \u2014 some of which has not,\u201d Wirth said on Bloomberg TV on Friday. \u201cWe see risks very real still in that environment.\u201d<\/p>\n
Asked to clarify what had not yet been reported, Wirth said several ships had been attacked.<\/p>\n
\u201cThere have been vessels that have been in transit that have suffered attacks,\u201d he said. \u201cThey are maybe not every day, but there have been multiple incidents that have occurred.\u201d<\/p>\n
Chevron would not consider paying a toll to move ships through the Strait of Hormuz, Wirth said. The company currently has six vessels in the Persian Gulf waterway that are under charter, meaning they belong to a third party. It will be the ship owner who decides whether or not to move through the strait, Wirth said.<\/p>\n
It means that shipowners and their insurers will have to feel comfortable that passage is safe for oil to begin moving again, whether or not the US and Iran reach a peace deal in the coming days. They will also have to be willing to send ships back into the strait for trade to get back to normal, Wirth said.<\/p>\n
\u201cShipowners have to be comfortable sending ships back in after having ships trapped for months and crews trapped for months,\u201d he said. \u201cThey may or may not be willing to move all of their vessels back in.\u201d<\/p>\n
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