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US President invokes Cold War era Defense Production Act for oil production, refining

US President invokes Cold War era Defense Production Act for oil production, refining
# 23 October 2026 01:00 (UTC +04:00)

US President ​Donald Trump ‌on Thursday determined petroleum ​production, refining, ​and related activities ⁠are essential ​to national ​defense, APA reports citing Reuters.

Trump also invoked the Cold ​War-era Defense ​Production Act allowing ‌him ⁠to provide financial incentives for those ​oil ​related ⁠activities and for ​pipelines ​and ⁠energy storage.

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