{"id":2181,"date":"2026-03-24T10:30:17","date_gmt":"2026-03-24T10:30:17","guid":{"rendered":"https:\/\/stock999.top\/?p=2181"},"modified":"2026-03-24T10:30:17","modified_gmt":"2026-03-24T10:30:17","slug":"how-ceos-are-grappling-with-the-greatest-energy-shock-ever","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=2181","title":{"rendered":"How CEOs are grappling with the greatest energy shock ever"},"content":{"rendered":"

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Good morning. Energy leaders from around the world are in Houston right now for the annual CERAWeek gathering, organized by S&P Global. A major theme, of course, is the effective closure of the Strait of Hormuz, which has cut off 20% of the world\u2019s crude oil and liquefied natural gas, creating the greatest global energy supply shock ever.<\/p>\n

As Fortune\u2019s Energy Editor Jordan Blum reports from Houston, Chevron CEO Mike Wirth believes oil prices may be too low. As Wirth told attendees: \u201cThere are very real physical manifestations of the closure of the Strait of Hormuz that are working their way around the world through the system that I don\u2019t think are fully priced in.\u201d<\/p>\n

Indeed, hard-hit Asian countries are trying to stockpile and conserve energy through work-from-home efforts, school closures, and more. The war is also crippling supplies of helium and fertilizer, hurting chipmakers and farmers alike. (Stocks and even Bitcoin rallied Monday on news of possible peace talks.)<\/p>\n

A number of Middle Eastern leaders are not in Houston this week because of the conflict: Saudi Aramco CEO Amin Nasser withdrew while others are participating virtually. Sheikh Nawaf Al-Sabah, CEO of state-owned Kuwait Petroleum Corporation (KPC), is scheduled to participate virtually today. Ahmed Al Jaber, UAE\u2019s minister of energy and advanced technology and head of Abu Dhabi National Oil Co (Adnoc), gave a virtual address yesterday in which he said\u00a0 \u201cweaponizing the Strait of Hormuz is not an act of aggression against one nation. It\u2019s economic terrorism against every nation.\u201d<\/p>\n

While U.S. CEOs may not face as direct a hit in terms of energy supplies, they have other consequences to contend with. I spoke about that with CEOs at our New York dinner last week, as well as some executives en route to CERAWeek. Some quietly echoed the sentiment of political leaders who say stopping Iran is necessary for regional prosperity; others conveyed anger at the costs being inflicted on their companies by a war they didn\u2019t start. All are managing the consequences, recognizing the fallout could continue long after any peace deal is reached. As one person put it: \u201cThis war has caused lasting damage to friends and foes alike.\u201d\u00a0<\/p>\n

Be sure to follow Jordan\u2019s coverage of the news coming out of CERAWeek and the Middle East.<\/p>\n

Contact CEO Daily via Diane Brady at diane.brady@fortune.com<\/p>\n

Top leadership news<\/p>\n

The upside of Zuckerberg\u2019s AI agent\u00a0<\/p>\n

Mark Zuckerberg is developing an AI agent to work alongside him and advise him as CEO. While some CEOs are only casual users of AI, Zuckerberg is leading by example as he urges his employees to adopt the technology.<\/p>\n

Rival prediction market CEOs back the same VC firm<\/p>\n

The CEOs of prediction market companies Kalshi and Polymarket have both backed a new venture capital firm focused on investing in prediction market startups, according to a pitch document seen by Fortune. 5c(c) Capital, the firm, was founded by two former Kalshi employees and is also backed by the likes of Marc Andreessen.<\/p>\n

Starbucks CEO says company was being run like a \u201cmanufacturing facility\u201d<\/p>\n

Starbucks CEO Brian Niccol recently said on Semafor\u2019s \u201cThe CEO Signal\u201d podcast that the company was being run like a \u201cmanufacturing facility\u201d with too much focus on efficiency when he took over 18 months ago. In his first days, Niccol enacted a \u201cBack to Starbucks\u201d plan to reintroduce atmosphere and customer service to the company\u2019s coffee shops.<\/p>\n

The markets<\/p>\n

S&P 500 futures are down 0.18% this morning. The last session closed up 1.15%. The STOXX Europe 600 was down 0.22% in early trading. The U.K.\u2019s FTSE 100 was flat in early trading. Japan\u2019s Nikkei 225 was up 1.43%. China\u2019s CSI 300 was up 1.28%. Hong Kong\u2019s Hang Seng was up 2.79%. South Korea\u2019s KOSPI was up 2.74%. India\u2019s NIFTY 50 was up 1.98%. Bitcoin was up to $71K.<\/p>\n

Around the watercooler<\/p>\n

Billionaire Reddit CEO Steve Huffman says his company will \u2018go heavy\u2019 on hiring graduates because \u2018they\u2019re so much more AI native\u2019 than older peers by Emma Burleigh<\/p>\n

Putin is the real winner in Trump\u2019s Iran war as it puts Russian oil back on the map by Marco Quiroz-Gutierrez<\/p>\n

The great toilet paper panic is back as Japan starts stockpiling by Eva Roytburg<\/p>\n

\u2018AI killed the cover letter.\u2019 This Wharton economist says the hiring ritual\u2019s days are numbered by Catherina Gioino<\/p>\n

Larry Fink says today\u2019s economic anxiety stems from people increasingly feeling like capitalism isn\u2019t working for them by Eleanor Pringle<\/p>\n

CEO Daily is curated and edited by Joey Abrams, Claire Zillman and Lee Clifford.<\/p>\n

#CEOs #grappling #greatest #energy #shock<\/p>\n","protected":false},"excerpt":{"rendered":"

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