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Trump Waives Jones Act 60 Days to Cut Energy Prices

March 18, 2026·about 1 hour ago·via CBS News
Trump Waives Jones Act 60 Days to Cut Energy Prices
President Trump issues a bold 60-day waiver of the century-old Jones Act, freeing foreign-flagged vessels to haul oil, gas, fertilizer, and coal between U.S. ports and slashing sky-high transport costs amid the Iran war's oil disruptions. This smart move tackles supply bottlenecks from the Strait of Hormuz closure, potentially saving drivers up to 10 cents per gallon on the East Coast while bolstering military logistics and fuel flows to bases. Read more about this...

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