Daily on Energy: New post-war high strait traffic, Chevron pushes back on gas prices, and Wright eyes July 4 goal

Traffic in the Strait of Hormuz has reached a post-war high, raising concerns about potential disruptions in global energy supply routes. Meanwhile, Chevron is challenging recent increases in gas prices, arguing that market forces should dictate costs rather than external factors. Additionally, Wright is aiming for a significant milestone on July 4th, which could have broader implications for energy policies and market dynamics. This surge in strait traffic and the ongoing gas price debate underscore the fragile nature of global energy logistics and the importance of stable supply routes.