Global energy prices are rising as traffic through the Strait of Hormuz remains more than 90% below pre-war levels. While the U.S. 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
Reporter: Pippa Stevens
Edited by: Andrea Miller
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty
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How The Iran War Is Hurting California’s Struggling Oil Market
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