Iran Oil and Gas Crisis: Trump Extends Jones Act Waiver for 90 Days
Friday, 24 April 2026, 20:22
Iran's ongoing conflict impacts global oil and gas supplies. President Trump is extending a waiver of the Jones Act for another 90 days to lower fuel prices amidst the war in Iran.
This extension is crucial as it addresses energy prices escalating due to disruptions affecting one-fifth of the world's oil supply.
The waiver, initially granted on March 18, will take effect on May 18. The White House's announcement confirms the necessity of this extension in light of soaring energy costs.
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