Trump Eyes Defense Production Act to Boost US Oil Output Amid Hormuz Crisis
🛢️ ENERGY — The wartime industrial law wasn't designed for a price problem. 📌 LOOK CLOSER: The Defense Production Act compels domestic production — but US output is already near record highs. The constraint is Hormuz, not American wells. Invoking DPA signals Trump wants political cover more than barrels. It also tells Gulf states Washington is internalizing a long closure, not a quick diplomatic fix.