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Event Brief

Trump invokes Defense Production Act for fuel output

President Donald Trump invoked the Defense Production Act on Thursday night to invest up to $150 million to boost domestic gasoline and diesel production. Crude oil and diesel prices have surged since the United States and Israel attacked Iran in February.
WHO: President Donald Trump
WHAT: Invoked the Defense Production Act to invest up to $150 million to boost domestic gasoline and diesel production.
WHEN: Oct 22, 2026
WHERE: USA
WHY: The invocation is intended to boost domestic gasoline and diesel production.

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