Published Mar 11, 2026, 2:54 PM ET · Updated 8 months ago · 1 source

Trump to Invoke Emergency Law for Offshore Oil Producer Sable

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bloomberg
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Original Report

President Donald Trump is preparing to invoke Cold War-era powers to pave the way for renewed oil production off the southern California coast, a long-shot bid to help ease the global crude supply crunch spurred by his war with Iran.