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Axios
Axios

Trump turns to California offshore oil to help with Iran war

Donald Trump Oil California Iran Gavin Newsom Sable Cold War

President Trump on Friday invoked a Cold War-era law in a bid to boost oil production off Southern California's coast and meet demand in the wake of the Iran war.

Why it matters: The president's signing of an executive order allowing use of the Defense Production Act shows he's trying to employ a variety of tools to try to tamp down the oil price shocks set off by the war.

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