Trump Grants 60-Day Waiver to Speed Fuel Shipments

Trump issued a 60-day waiver of the Jones Act to allow non-U.S.-built ships to move cargo between U.S. ports, aiming to ease fuel and goods flows amid tensions near the Strait of Hormuz. Analysts say the move may have only a modest effect on gasoline prices, which have risen, while oil futures stay elevated as the conflict and related disruptions persist. The administration argues the measure strengthens critical supply chains and energy security, even as broader tensions and continued stockpile releases shape the market.