President Trump issued a Jones Act waiver on Wednesday in his latest attempt to tamp down rising fuel prices caused by Iran’s closure of the Strait of Hormuz.
The Jones Act typically prevents foreign-flagged ships from carrying cargo between American ports.
“President Trump’s decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury,” White House press secretary Karoline Leavitt told Bloomberg News.
This is a developing story. Please check back for updates.
