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

President Trump is considering extending a waiver on the Jones Act to ease oil shipping costs amid rising fuel prices from the Iran war. The 60-day waiver, issued on March 18, allowed 40 foreign-flagged tankers to transport 9 million barrels of oil between U.S. ports, reducing costs, particularly in Alaska. However, the policy faces opposition from protectionists who argue it harms U.S. shipping industries, while libertarians criticize it as a burdensome law.