To Achieve "Energy Dominance": Trump Invokes 1950 Defense Production Act to Counter Fuel Crisis

 US President Donald Trump announced his intention to activate the "Defense Production Act" from the Cold War era to boost domestic fuel and electricity production. This strategic move comes to counter record energy price hikes resulting from the Iranian war and its impact on global supplies. The presidential memorandums signed by Trump aim to enable the Department of Energy to fund infrastructure projects and expand oil refining and natural gas production capacities, ensuring electric grid stability and achieving full US energy sovereignty amidst the 2026 disturbances.