Trump Extends Narrow Jones Act Waiver to Stabilize Fuel Flows Amid Iran Turmoil

1 min read
Source: CNBC
Trump Extends Narrow Jones Act Waiver to Stabilize Fuel Flows Amid Iran Turmoil
Photo: CNBC
TL;DR

The Trump administration narrowed and extended the Jones Act waiver for 90 days to keep fuel moving as Iran-related turmoil roils global oil markets; the latest extension applies only to certain energy shipments and requires Pentagon consultation on a per-voyage basis, with midterm elections and falling U.S. oil inventories adding to the pressure.

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