Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’ — Live Feedhttps://www.live-feeds.com/feed/chevron-ceo-warns-oil-buffers-that-cushioned-the-iran-war-shock-have-been-drainedContinuously updated, source-cited coverage. IEA to release 20 million diesel barrels as shortages projected through 2027https://www.live-feeds.com/feed/chevron-ceo-warns-oil-buffers-that-cushioned-the-iran-war-shock-have-been-drainedhttps://www.live-feeds.com/feed/chevron-ceo-warns-oil-buffers-that-cushioned-the-iran-war-shock-have-been-drained#u134917Mon, 19 Oct 2026 06:55:26 +0000The International Energy Agency will release over 20 million barrels of diesel as soon as possible to combat global shortages. The IEA warns that the diesel squeeze, exacerbated by the Iran war, could persist into 2027. Chevron's CEO stated that the oil buffers previously protecting the market from the Iran war shock have been "drained". While the IEA aims to accelerate stock releases, the United States has informed IEA nations it is unhappy with the emergency oil release. Oil prices have fallen as traders weigh these reserve releases against risks in the Strait of Hormuz.Why it