Lates News

The Trump administration plans to extend a shipping waiver that allows foreign oil tankers to transport oil and gasoline within the United States to address supply disruptions and price increases caused by the Iran war. According to sources familiar with the matter, the decision to continue exempting energy transport from the constraints of the Jones Act could be announced as early as Friday local time. The current waiver is set to expire on May 17. This move could provide some relief for U.S. refiners looking to book waterborne cargoes for July. It is currently unclear how long the extension will last or what goods will be covered. A White House official said that extending the waiver is being considered but did not provide further details.