The Department of Energy has announced helium as a critical material due to supply chain disruptions caused by the ongoing conflict in Iran, which has affected helium production in Qatar. This designation is intended to enhance domestic manufacturing capabilities, particularly in the semiconductor industry. Additionally, the first shipment of Russian diesel since the 2022 import ban is expected to reach New York on November 7, and President Trump is invoking the Defense Production Act to increase domestic oil refining capacity.
Key facts
- DOE designated helium as a critical material due to supply chain issues.
- One-third of the world's helium supply comes from Qatar.
- The U.S. produces about 40% of the world's helium.
- The first shipment of Russian diesel is expected in New York on November 7.
- President Trump plans to use the Defense Production Act to support oil refining.
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