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