POLITICS● ELEVATED2h ago · Oct 22, 2026, 10:21 PM
Trump invokes Cold War-era Defence Production Act to boost oil production and refining
South China Morning Post · north america
US President Donald Trump determined on Thursday that petroleum production, refining and related activities are essential to national defence, a move that could open up US funding for fossil fuel projects. In a presidential memo, Trump also invoked part of the Cold War-era Defence Production Act, allowing him to provide financial incentives for oil-related activities, pipelines and storage of liquid fuels. Prices for crude oil and diesel have surged since the US and Israel attacked Iran in...
GlobeAlert aggregates and classifies open sources; the story above belongs to its publisher. Summaries are machine-generated from the source text.
More in Politics
POLITICS35m agoFormer President Quiroga asks Bolivian Legislature to remove deputy sanctioned by the U.S.ClarínPOLITICS44m agoSleep informed with the key moves of this October 22, 2026La Silla VacíaPOLITICS45m agoSupreme Court allows New Hampshire to ban student credentials as voter IDClarínPOLITICS1h agoJEP rejects defamation campaign against magistrate Julieta LemaitreLa Silla Vacía