Trump waives Jones Act for 60 days in effort to ease energy prices

TL;DR

President Trump issued a 60-day waiver of the Jones Act.
The waiver allows foreign ships to move fuel between U.S. ports to lower energy prices.
The Jones Act mandates U.S.-built, -flagged, and -crewed ships for domestic goods transport.
The decision aims to mitigate oil market disruptions during Operation Epic Fury.
This action permits vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days.
Global oil and U.S. gas prices have surged due to the Iran war, pressuring the administration to act.
Average national gas prices rose to $3.84 per gallon, and diesel prices exceeded $5 per gallon.
Experts are skeptical that the waiver will yield substantial cost savings, estimating a three-cent per gallon reduction.
The U.S. also eased sanctions on Venezuela to allow U.S. companies to engage with its state-owned oil and gas company.
The U.S. Treasury Department is authorizing Petróleos de Venezuela S.A to sell Venezuelan oil to U.S. and global markets.

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