What Happened
US President Orders Emergency Measures To Boost Domestic Oil Production
US President Donald Trump has invoked the Defense Production Act to boost domestic oil production and refining, citing national defense concerns. The move comes as fuel prices continue to surge due to global conflicts and supply chain issues. The average US diesel price has risen 78% since the start of the year, with crude and diesel prices increasing significantly. The invocation of the Defense Production Act was reported by Investing News Network.