Trump is extending Jones Act waiver for 90 days

The White House said Donald Trump extended a Jones Act waiver by 90 days, easing shipping rules for foreign vessels transporting oil and gas amid post-Iran conflict disruptions, aiming to stabilize supply and energy prices

Washington: The White House said that Trump issued a 90-day extension to the Jones Act waiver, making it easier for non-American vessels to transport oil and natural gas in the wake of the Iran War.

Trump first announced a 60-day waiver in mid-March, and the move has been seen as helping to stabilise energy prices and making it easier for more ships to travel to the US following the effective closure of the Strait of Hormuz. The post on social media by a White House press aide said: “New data compiled since the initial waiver was issued revealed that significantly more supply was able to reach US ports faster.”

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