Trump Suspends 100-Year-Old Law in Bid to Lower Oil Prices
President Donald Trump is issuing a temporary waiver of the Jones Act for two months in an effort to lower oil prices amid America’s ongoing conflict with Iran. White House Press Secretary Karoline Leavitt announced the move on Wednesday. “President Trump’s decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S.