Statement from CEO Dr. Noel Hacegaba on Oil Tanker New Corolla in Port News 06/05/2026 This oil tanker signals how the conflict in Iran is reshaping shipping routes and raising the cost of gas and virtually everything consumers buy. With about 20% of our oil coming from the Middle East, we are closely monitoring impacts on California’s oil supply. Rising fuel costs are strengthening the case for energy resilience and independence and the Port of Long Beach is acting now by investing in zero-emissions equipment, clean shipping corridors and renewable energy sources as we build the Port of the Future.” Background: According to published reports, the New Corolla vessel carrying 2 million barrels of crude oil from the Port of Basra in Iraq was the last California-bound oil tanker to leave the Persian Gulf before hostilities with Iran broke out in late February. Source: Port of Long Beach 2026-05-06 hellenicshippingnews... tweet Share