Trump Weighs Extending the Jones Act Waiver to Ease Fuel Prices

U.S. President Donald Trump is considering extending the two-month waiver of the Jones Act to ease fuel prices that have spiked following the war in Iran, Axios reported on Wednesday, citing U.S. officials. The Merchant Marine Act of 1920, also known as the Jones Act, requires that no vessel may transport any merchandise by water, by land and water, or via a foreign port, for any part of the transportation, between points in the United States, unless the vessel is U.S.-built, U.S.-owned, and coastwise endorsed by the U.S. Coast Guard. However,…