Trump extends Jones Act waiver to stabilize energy costs amid Iran conflicts

1 min read
Source: CBS News
Trump extends Jones Act waiver to stabilize energy costs amid Iran conflicts
Photo: CBS News
TL;DR Summary

Trump extends the Jones Act waiver for 90 days to help stabilize energy prices amid Iran-related disruption, noting that 40+ tankers have used the waiver and more than 9 million barrels of U.S. oil have reached domestic ports, while critics say the move benefits oil traders more than consumers and could undermine the domestic maritime industry.

Share this article

Reading Insights

Total Reads

1

Unique Readers

2

Time Saved

3 min

vs 4 min read

Condensed

92%

71656 words

Want the full story? Read the original article

Read on CBS News