Trump taps 60-day shipping waiver to calm oil markets
TL;DR
President Trump issued a 60-day waiver of the Jones Act to allow more international tankers to move oil, natural gas, fertilizer, and coal between U.S. ports in an effort to stabilize oil markets amid Iran-related disruptions; experts caution the impact may be limited by refinery configurations and domestic production.
- Trump waives U.S. shipping law for 60 days to steady oil market CNBC
- Trump waives Jones Act shipping restrictions in latest bid to ease gas prices CNN
- Trump Waives US Shipping Law For Oil and Gas In Bid to Lower Prices Bloomberg.com
- Trump waives shipping law as gasoline prices soar Axios
- U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures The New York Times
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