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Phillips 66 (PSX) Presents at J.P. Morgan Energy, Power & Renewables Conference 2026 Transcript
Seeking Alpha· 2026-06-23 22:12
CEO & Chairman Yes, Matt, I think that's top of mind for everybody across the industry. It's -- we're all hopeful that the Strait is open, stays open, that it gets resolved in a permanent structural way. But I think it's going to be pretty tenuous. There are ships coming out now. I think that there's somewhere between 90 million and 100 million barrels trapped in the Strait. That will work its way out over time. Then the question is who will be brave enough to send ships back in? Will it be able to get insu ...