Exxon, Chevron warn of sustained high fuel prices amid Iran conflict

Exxon and Chevron warn that the conflict in Iran could lead to sustained high fuel prices. Geopolitical tensions are expected to cause prolonged market volatility, potentially impacting the global energy supply and driving oil prices higher. These energy giants highlight that the instability within the region poses a significant risk to market stability, ensuring that fuel costs remain elevated as long as the geopolitical tensions in Iran continue to disrupt the global energy landscape.