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

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.

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