finance
Chevron Says It Will Not Pay Iran for Strait of Hormuz Transit
Chevron's chief executive stated the company will not compensate Iran for passage through the Strait of Hormuz. The firm currently has six vessels in the waterway and expects additional pipelines to be built that avoid the route.
May 29, 7:50 AM·1m read2 sources
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Chevron's chief executive said the company will not pay Iran any toll fees for ships transiting the Strait of Hormuz. The executive added that Chevron currently operates six vessels inside the strait.
The same statement noted that Chevron anticipates more pipelines will be constructed to bypass the strait entirely. No compensation will be offered for any future transits, the executive said.
Chevron maintains an active presence in the waterway with the six ships now positioned there. The company did not disclose the vessels' cargo or destinations.
Transparency
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Chevron defies Iran's illegitimate tollChevron refuses to pay for Strait passag
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CorroborationLimited · 2 sources
