Trump has extended the Jones Act waiver for another 90 days, allowing foreign-flagged ships to transport oil and other commodities between U.S. ports amid the Iran war and rising fuel costs.

INTELLIGENCE SUMMARY

Trump has extended the Jones Act waiver for another 90 days, allowing foreign-flagged ships to transport oil and other commodities between U.S. ports amid the Iran war and rising fuel costs. However, the administration narrowed the waiver, requiring each voyage to receive case-by-case approval instead of granting blanket exemptions. Source: Reuters