Preheat your oven to 350°F (175°C) and prepare your pan by greasing it with oil or butter and dusting lightly with flour.

In a large bowl, whisk together the oil and sugar until combined. Then add the eggs and vanilla extract, whisking until fluffy.

Stir in the lemon zest and lemon juice, and add sour cream or yogurt if using. Mix gently until combined.

In another bowl, sift together the flour, baking powder, baking soda, and salt.

Gradually add the dry ingredients into the wet mixture alternately with the milk or buttermilk, mixing until just combined.

Pour the batter into the prepared pan and bake for 30-35 minutes until a toothpick comes out clean.

Allow the cake to cool in the pan for 10 minutes before transferring to a wire rack. For the glaze, mix powdered sugar and lemon juice and drizzle over the cooled cake.