How The Iran War Is Hurting California’s Struggling Oil Market https://vid.freedif.org/videos/watch/e2c0243f-c6c9-4eca-a0a8-5cf18d3a57b3 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 » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work with AI? Sign up for CNBC's new online course, Beyond the Basics: How to Use AI to Supercharge Your Work. Learn advanced AI skills like building custom GPTs and using AI agents to boost your productivity today. Sign up today: https://cnb.cx/4qKBe6H Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC How The Iran War Is Hurting California’s Struggling Oil Market Wed, 15 Apr 2026 03:41:47 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://vid.freedif.org How The Iran War Is Hurting California’s Struggling Oil Market https://vid.freedif.org/client/assets/images/icons/icon-1500x1500.png https://vid.freedif.org/videos/watch/e2c0243f-c6c9-4eca-a0a8-5cf18d3a57b3 All rights reserved, unless otherwise specified in the terms specified at https://vid.freedif.org/about and potential licenses granted by each content's rightholder.