Chevron CEO Mike Wirth said the physical supply of oil is much tighter than the oil futures market suggests.
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Sultan Ahmed Al Jaber, CEO of the UAE's state-owned oil company, said the Strait of Hormuz must re-open to resolve the supply shock.
Asia-Pacific markets rose but pared earlier gains as oil prices rebounded, underscoring lingering uncertainty over the trajectory of the Middle East conflict. Grouped from 7 articles across 5 sources.
Former GM executive CEO Pamela Fletcher told CNBC "the faster path, and frankly, a big need, is out there in this defense space."
Major US financial markets opened higher after US President Donald Trump announced he was postponing strikes on Iran. Grouped from 7 articles across 4 sources.
Diesel prices have surged about 40% to $5.29 per gallon, the highest level since 2022, as the Iran war has disrupted oil supplies.
WNBPA President Nneka Ogwumike told CNBC significant pay raises for WNBA players could change their off-season routines.