The move would give the shipping and insurance industries some much-needed third-party assurance that the strait is safe after more than five months of military conflict.
Following the hottest June on record for Western Europe, the EU has cut harvest predictions for a range of crops, including sunflowers, grain maize and potatoes.
Newsom touted the move as a necessary step to help workers keep pace with the rising cost of living, particularly as the federal minimum wage has remained unchanged for years.