Chevron’s Bypass Plan for Hormuz Crisis | Raleigh News

Chevron is racing to secure a lifeline for Iraqi oil by negotiating a major pipeline deal that would bypass the Strait of Hormuz entirely, amid the world’s largest energy disruption since the 1970s. With 20% of global oil supply now at risk, Iraq’s exports have plummeted, prompting its PM to personally lobby Chevron and Trump. Though non-binding, these talks signal a strategic pivot for Chevron to build a more resilient supply chain — and could be the first step in reshaping global oil routes before their Q2 earnings hit the market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/da97ea6310c8deb0