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Uncertainty looms as last oil tanker from Middle East heads to California
Why this matters: a developing story that could shape the day's news cycle.
With gas more than $6 in state, delivery of some 2m barrels is last planned shipment to pass through strait of Hormuz Middle East crisis – live updates. The average price of a gallon of gas in California already stands at more than $6, but more uncertainty looms as the last oil tanker headed from the Middle East arrived in the Golden state this week.The Los Angeles Times reported on Sunday that the New Corolla, which left the Middle East for California before the war broke out, is delivering some 2m barrels of crude oil from Iraq to Long Beach. It was the last planned shipment to pass through the strait of Hormuz. Continue reading...
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