Oil climbs as Iran attacks hit energy fields; Jones Act waiver aims to ease fuel shipments
TL;DR
Oil prices rose after Iran said U.S. and Israeli strikes hit a key natural gas field and the Trump administration granted a 60-day Jones Act waiver to allow foreign ships to carry fuel to U.S. ports; Brent traded near $110 a barrel and WTI around $98, with analysts noting the waiver is unlikely to have an immediate impact and ongoing Gulf tensions keep supply risks elevated.
- Oil prices climb after Iran reports attacks on key oil and gas field and Trump issues waiver on Jones Act shipping law MarketWatch
- Trump waives U.S. shipping law for 60 days to steady oil market CNBC
- Trump temporarily waives the Jones Act to try to lower gas prices NPR
- Trump waives shipping law as gasoline prices soar Axios
- Trump Waives US Shipping Law For Oil and Gas In Bid to Lower Prices Bloomberg.com
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