Uncertainty looms as last oil tanker from Middle East arrives in California | First Thing
Summary
California received its last oil tanker from the Middle East this week, carrying about 2 million barrels of crude oil, which should meet fuel demand for the next six weeks. Meanwhile, President Donald Trump issued a warning to Iran to agree on a peace deal or face increased US military action, while negotiations between Washington and Tehran continue but remain uncertain.Key Facts
- Gas prices in California have risen above $6 per gallon.
- The California Energy Commission says the current oil supply can last about six weeks.
- The oil tanker New Corolla delivered roughly 2 million barrels of crude oil to California.
- The Strait of Hormuz closure has not yet severely affected oil supply because some shipments were already in transit.
- President Trump warned Iran to accept a deal to end the conflict or face harsher bombing campaigns.
- US Central Command fired on an Iranian oil tanker attempting to break through a US blockade.
- Talks between the US and Iran are close to a memorandum to end the conflict but remain difficult and uncertain.
- An anti-US billboard appeared in Tehran showing President Trump and the Strait of Hormuz.
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