ca oil crisis

Last Middle East oil shipment reaches Southern California

From ABC 7 Los Angeles

Excerpt:

Gas prices are at a four-year high and experts are warning they could climb even higher.

The final oil tanker from the Middle East has docked in Long Beach, putting the region's supply chain under pressure. According to a report from the Los Angeles Times, it's the last shipment from the Strait of Hormuz to reach California.

After that tanker leaves, it could be weeks or potentially months before the next one arrives from the Middle East.

"The war in Iran and the closing of the Strait of Hormuz has actually been buffered by the fact that all of these tankers were at sea at the time that the Strait of Hormuz closed," said UCLA Professor Michael Ross. "So all of that supply has still been making its way to consumers. This is the last shipment of that supply that was keeping prices relatively stable."