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Event Brief

Trump rejects curbs on oil exports after trade surge

President Donald Trump said there is no need for curbs on US oil or jet fuel exports after a trade surge.
WHO: Donald Trump
WHAT: Trump rejected curbs on US oil and jet fuel exports
WHEN: May 7, 2026 at 8:21 PM ET
WHERE: USA
WHY: The statement was made in response to global shortages sparked by the war with Iran.

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