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Event Brief

CA officials seek limits on soaring oil profits

California legislators renew calls to crack down on oil and refining profits amid soaring earnings tied to the Iran war.
WHO: California legislators and state officials; oil companies and California refiners
WHAT: Calls to crack down on industry profits as oil and refining earnings surge
WHEN: Aug 5, 2026 at 6:00 AM ET
WHERE: California
WHY: Sky-high oil and refining profits are rising in connection with the Iran war, prompting renewed legislative action.

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