🇺🇸BREAKING: Trump OFFICIALLY invokes a national EMERGENCY to boost US oil as Brent hits $113. The President has declared US oil production "essential to the national defense." His memo cites the national energy emergency from his first day back in office. Under the memo: - Drilling, refining, pipelines, storage and marine terminals are all covered - Hegseth's Pentagon is directed to fund them through purchases, commitments and financial deals - Standard Defense Production Act requirements are waived to expand that capacity - It says industry can't expand fast enough alone due to financing, permitting and supply chain bottlenecks This is his second Defense Production Act order on oil this year, after one in April with Brent at $95.