Content overview: “How The Iran War Is Hurting California’s Struggling Oil Market”. Global energy prices are rising as traffic through the Strait of Hormuz remains more than 90% below pre-war levels. remains insulated to a certain extent, domestic prices are also moving higher – especially in California. Almost 75% of California's crude oil is imported from abroad according to the California Energy Commission.
Pippa Stevens breaks down what the Iran war means for California's energy economy. Produced and Additional Editing by: Devan Burris For the complete material, the listing points back to the source inside the network.