Event Brief
CA officials seek limits on soaring oil profits
Filed: Aug 05, 2026 at 8:00 AM ET
Summary: 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 05, 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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