Trump extends limited waiver of shipping law to keep oil flowing in U.S. amid Iran war
AI Summary
The Trump administration has extended a limited waiver of the Jones Act shipping law to maintain U.S. oil flow amid unresolved tensions related to the Iran conflict. This extension follows failed attempts to reopen the Strait of Hormuz through negotiations.
The Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.