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Scoop: Trump mulls Jones Act waiver extension to lessen Iran War oil shock

President Trump's decision to suspend a controversial maritime law during the Iran war has made it easier to ship oil across the U.S. — and now he wants to keep it that way, according to U.S. officials.

Why it matters: Known as the Jones Act, the 1920 law raises the cost of shipping between U.S. ports because it requires goods to be carried on American-flagged vessels, which are in relatively short supply compared to the global supply.


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