For this code, what is the font color of the hypertext link?

ul {
  --color: red;
}
p {
  color: var(--color);
}
a {
  color: var(--color, orange);
}

<p>Paragraph</p>
<ul>
  <li>
    <a href="#">list item a link </a>
  </li>
  <li>list item</li>
</ul>