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Trump Waives Jones Act to Slash Oil, Gas Prices

March 18, 2026·18 days ago·via Bloomberg.com
Trump Waives Jones Act to Slash Oil, Gas Prices
President Trump waives the century-old Jones Act, a burdensome shipping law that forces U.S.-built vessels for domestic routes, to unleash foreign ships and flood ports with oil and gas amid skyrocketing prices from Iran's war disruptions in the Strait of Hormuz. White House Press Secretary Karoline Leavitt confirms the move prioritizes national defense, ensuring energy and farm goods flow freely while battling supply shocks that have crude over $100 a barrel. Read more about this...

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