POLITICO Energy

Oil prices fall despite Iran tension

Episode Summary

Despite last week's tensions between Iran and the U.S., global oil prices fell to the lowest point since last July, and on Sunday, multiple top American government officials were questioned on the Trump administration’s actions in the Middle East. Plus, USMCA is under the microscope of six Senate committees, and California's governor addresses the possibility of taking over the country's most controversial utility.

Episode Notes

After the killing of Iranian General Qasseem Soleimani and the bombing of two Iraqi military bases that hosted Western forces, oil prices took a plunge and reached a 6-month low. Plus, the new trade agreement between North American countries is reviewed by 6 Senate committees, including the Environment and Public Works panel. And, California's governor Gavin Newsom presents a new state budget that includes a multi-billion proposal to tackle climate change.