President Donald Trump has issued a temporary waiver of the Jones Act, a century-old shipping law, in an effort to stabilize gas prices. The move aims to streamline domestic fuel distribution as the ongoing conflict with Iran continues to disrupt energy markets.
President Trump on Wednesday issued a 60-day waiver to the Jones Act, a longstanding shipping law, to ease economic concerns around his war on Iran.
The Trump administration has issued a 60-day waiver of a federal law that limits the number of ships allowed to carry goods between American ports.
In an attempt to ease soaring gasoline prices amid the war in Iran, President Trump on Wednesday announced a 60-day waiver on the Jones Act – a law that traces back more than a century and has been criticized for keeping energy prices sky-high.
