Strait of Hormuz disruptionStrait of Hormuz disruption lifts California gasoline prices
India’s reduced fuel exports and cooking-fuel shortages are contributing to higher gasoline prices in California as Asian supply tightens, according to reports published on May 18 and 19.
The squeeze is tied to Iran’s near-closure of the Strait of Hormuz, a chokepoint that carries a large share of global oil trade, making the price impact far beyond the region.
- The Strait of Hormuz is only about 33 kilometers wide at its narrowest point.
- California imports some fuel components because its gasoline standards differ from many other US states.
- India is a major refining hub that sells fuels and blendstocks across Asia and beyond.
US-Iran Ceasefire War
The United States launched military strikes against Iran on June 26, 2026, in response to a drone attack on a commercial cargo ship in the Strait of Hormuz, calling it a "foolish violation" of the 60-day ceasefire agreement signed just days earlier[2][4][14].
26 June, 09:35 PM
US launches strikes against Iran following commercial ship attack26 June, 04:47 PM
Trump calls Iran drone attack on cargo ship a ceasefire violation
