# The development raised fears of potential disruptions to global crude supply through the key shipping route.

*business · news · 2026-04-13 · Benzinga*

## Key points

- WTI crude oil price surged 7.69% to $104 amid fears of supply disruptions.
- US negotiators left Pakistan after failing to secure a nuclear deal with Iran.
- Chevron lost about 6% of global production in the first quarter, per Bloomberg.
- Chevron is trading 4.3% below its 20-day SMA, indicating short-term weakness.

**Companies:** Chevron
**Countries:** United States, Iran, Pakistan

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/04/51777446/whats-going-on-with-chevron-stock-monday)

---

Canonical: https://newsio.io/n/aa352ed5-b683-4b68-8b35-a2cb7531c586/the-development-raised-fears-of-potential-disruptions-to-global-crude-supply-thr
Summarized by Newsio from Benzinga. https://newsio.io/how-it-works