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politics7h ago
Trump waives US shipping law for oil and gas in bid to lower prices
Theguardian.com and 9 more
- The White House suspended Jones Act requirements for 60 days to counter oil-price pressures and cargo disruptions amid the Iran war.
- Officials say the waiver is targeted and temporary, aimed at mitigating short-term disruptions and helping critical resources reach U.S. ports.
- Analysts expect only modest near-term price relief, with possible small cuts on the East Coast and mixed effects elsewhere.
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