Trump waives U.S. shipping law for 60 days to steady oil market
CNBC Television·2026-03-18 15:55
The White House says it is suspending the Jones Act. In a statement to CNBC just a couple of minutes ago, White House press secretary Caroline Levit had this to say. She said, "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 US military continues meeting the objectives of Operation Epic Fury." She says this action will allow vital resources like oil, natural gas, fertilizer and coal to flow freely to US ports ...