News

```htmlGlonhui March 25th｜Chevron has issued a warning that, due to the impact of the Iran war, California is facing an energy crisis. If officials do not ease taxes and regulations, the company may halt its refining operations in the state. About 20% of California's refined oil is imported from Asia, making it highly susceptible to fluctuations in the commodity markets. Because Iran has blocked the Strait of Hormuz, oil shipments from China, Korea, Singapore, and other regions face significant risk of delays, as Asian countries are struggling to meet their own domestic demand. The price of gasoline in California has reached nearly $6 per gallon, while the national average is close to $4 per gallon. Chevron's refinery head Andy Walz said California officials should declare an energy emergency, reform climate and tax regulations, and promote domestic oil production; if such actions are not taken, Chevron may stop refining in California within ten years.```

Odaily reported, according to Onchain Lens monitoring, that BlackRock withdrew 2,267 BTC worth approximately $158 million from a certain exchange in the past 10 hours.

International oil prices continued to decline during the Asian trading session, while spot gold and silver strengthened. Spot gold's intraday gains expanded to 2%, quoted at $4566.71 per ounce; spot silver's gains expanded to nearly 4%, quoted at $73.94 per ounce.