FXHedge|Mar 14, 2026 17:02
TRUMP ADMINISTRATION ORDERS RESTART OF CALIFORNIA OFFSHORE OIL OPERATIONS
The Trump administration on Friday directed Sable Offshore to restart its operations of the Santa Ynez Unit and Santa Ynez Pipeline System off the coast of California, which comes as oil and gas prices surge as a result of Iran’s closure of the Strait of Hormuz.
Energy Secretary Chris Wright’s order for oil production, which followed an executive order signed by President Trump on Friday, intends to “address supply disruption risks caused by California policies that have left the region and U.S. military forces dependent on foreign oil,” according to a statement.
Full article:
https://www.msn.com/en-us/news/politics/trump-administration-orders-restart-of-california-offshore-oil-operations/ar-AA1YD3e1?ocid=msedgntp&pc=HCTS&cvid=080fb5b5bc824b26ff5fc5cde1191546&ei=33(FXHedge)
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