Trump's Strategic Move: Extending the Jones Act Waiver

U.S. President Donald Trump may extend the Jones Act waiver, enabling foreign-flagged ships to ferry goods between U.S. ports, according to a report by Axios citing U.S. officials.

The waiver, which Trump initially authorized for 60 days starting March 17, is aimed at controlling escalating fuel prices triggered by the Iran conflict.

The extension intends to facilitate increased shipments from the U.S. Gulf Coast to various coastal regions across the nation, thereby easing the domestic fuel supply strain.

(With inputs from agencies.)