Iran Conflict Intensifies California's Energy Crisis with Record Gas Prices
The ongoing conflict in Iran has significantly impacted global energy prices, with the Strait of Hormuz's traffic remaining over 90% below pre-war levels. This has led to rising domestic prices in the U.S., particularly in California, where the average gas price has reached $5.89 per gallon, and diesel has hit a record $7.75. California's reliance on imported crude oil, primarily from Asia, has exacerbated the situation, as countries like South Korea and India face tight inventories due to the loss of Middle East oil. This has raised concerns about the state's energy security and economic stability. 
