Trump extended the Jones Act waiver for 90 days, preserving the right of foreign tankers to carry oil and other products between US ports despite the continued rise in fuel prices as a result of the Iran war. The Jones Act of 1920 required cargo between US ports to be carried on ships built, owned and operated by US crews. The suspension of this law made it possible to significantly expand the fleet of ships. Phillips 66 was the first to take advantage of the initial exception to the rule, shipping about 300,000 barrels of cask crude from Texas to Monroe Energy's Pennsylvania refinery aboard the Maltese air-conditioned HTM Warrior in April. At the end of the week, the average price of gasoline in the United States was $3.91 a gallon, compared to $2.98 before the outbreak of the war with Iran. The price of diesel was $6.10, up to $3.76.

Trump extended the Jones Act waiver for 90 days, preserving the right of foreign tankers to carry oil and other products between US ports despite the continued rise in fuel prices as a result of the Iran war. The Jones Act of 1920 required cargo between US ports to be carried on ships built, owned and operated by US crews. The suspension of this law made it possible to significantly expand the fleet of ships. Phillips 66 was the first to take advantage of the initial exception to the rule, shipping about 300,000 barrels of cask crude from Texas to Monroe Energy's Pennsylvania refinery aboard the Maltese air-conditioned HTM Warrior in April. At the end of the week, the average price of gasoline in the United States was $3.91 a gallon, compared to $2.98 before the outbreak of the war with Iran. The price of diesel was $6.10, up to $3.76.