California's Energy Strategy: Fuel Imports and Refinery Challenges

California's energy landscape faces significant challenges as state regulators suggest new measures to combat skyrocketing gasoline prices. The California Energy Commission recommends increasing private fuel imports and pausing profit limitations for refiners, actions deemed necessary due to the impending shutdown of two significant refineries, which could drastically impact the market.

In a notable development on the national front, the U.S. Supreme Court delivered a crucial victory for President Donald Trump by limiting judges' power to block policies through nationwide injunctions. Trump, however, remains embroiled in economic tensions, most recently suspending trade talks with Canada over technology taxes.

Concerns over national security have prompted U.S. lawmakers to urge a probe into devices sold by Chinese smartphone maker OnePlus, questioning if they pose a security risk. This issue underscores the broader geopolitical tensions influencing domestic and international tech policies.

(With inputs from agencies.)