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Axios
Axios

Trump waives shipping law as gasoline prices soar

President Trump has formally waived requirements that only U.S. ships can carry cargo between domestic ports as officials look to ease access to fuel and supplies while the Strait of Hormuz remains throttled.

Why it matters: The White House is looking to pull multiple levers as the Iran war sends gasoline prices soaring and restricts access to goods needed by farmers and other industries.


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