President Trump Issues Jones Act Waiver to Address Rising Fuel Prices Amid Strait of Hormuz Closure

President Trump Issues Jones Act Waiver to Address Rising Fuel Prices Amid Strait of Hormuz Closure

President Trump has taken action to address the impact of rising fuel prices due to Iran's closure of the Strait of Hormuz by issuing a Jones Act waiver. The Jones Act usually restricts foreign-flagged ships from transporting cargo between American ports. The 60-day waiver is part of efforts to alleviate short-term disruptions in the oil market as the U.S. military works on Operation Epic Fury. Stay tuned for further updates on this developing situation.