Trump Grants 60-Day Jones Act Waiver to Ease Energy Prices

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Source: CBS News
Trump Grants 60-Day Jones Act Waiver to Ease Energy Prices
Photo: CBS News
TL;DR

President Trump issued a 60-day waiver of the Jones Act to let foreign-flag ships move fuel between U.S. ports in an effort to lower energy costs, as gas and diesel prices rise; experts say the savings are likely small and the administration also eased sanctions on Venezuela to boost oil supply.

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