Trump Mulls Jones Act Waiver To Combat Iran-Related Oil Supply Snarls: Report - BlackRock (NYSE:BLK)

The Trump administration is considering a temporary waiver of the Jones Act to enable the smooth transit of energy and agricultural shipments between U.S. ports, Reuters reported on Thursday, citing a statement by Press Secretary Karoline Leavitt. The decision is yet to be finalized, according to the report. However, seven maritime labor unions have criticized the proposal, arguing that gasoline prices are primarily driven by crude oil prices, not shipping costs, reported the publication. White House did no ...