Business

Trump Extends Shipping Law Waiver

Updated 2026-08-10 21:40 UTC 1 source Neutral

President Trump extended a limited waiver of the Jones Act to ensure oil continues flowing in U.S. amid tensions with Iran, despite failed attempts at reopening the Strait of Hormuz.

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CNBC
The Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.
2026-08-10 19:15 UTC
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