Chevron Just Joined the Race to Bypass the Strait of Hormuz

Chevron Just Joined the Race to Bypass the Strait of Hormuz

Chevron, the U.S. oil giant, is expected to sign a major memorandum of understanding with Iraq on Friday, joining a wave of investors pouring capital into two Iraqi oil fields. The goal: build infrastructure that could help move Iraqi crude without relying on the Strait of Hormuz.

https://townhall.com/tipsheet/dmitri-bolt/2026/07/17/chevron-is-singing-a-deal-with-iraq-to-circumvent-the-strait-of-hormuz-n2679651