Trump Extends Jones Act Shipping Waiver Through August

The White House extended its Jones Act waiver by 90 days, keeping foreign-flagged tankers eligible to move crude, fuels and fertilizer between U.S. ports through mid-August. The waiver was on track to expire on May 17. The waiver still covers 659 product categories, preserving access to foreign shipping at a moment when U.S. coastal transport capacity is tight and roughly 13 million barrels per day of crude and products remain disrupted globally due to the Iran war. Notably, Gulf Coast crude will now clear faster by moving more easily to East Coast…