Trump revokes waiver allowing Iranian oil sales – CBS News Watch CBS News The rise in oil prices comes after the Trump administration on Tuesday revoked a waiver that allowed Iran to sell oil. CBS News coordinating producer Richard Escobedo has more. Source link
The Trump administration on Tuesday revoked a waiver that allowed Iranian oil sales, a key source of revenue for the regime, after the Islamic Revolutionary Guard Corps attacked three tankers in the Strait of Hormuz. The Treasury Department said that “General License X,” which was issued two weeks ago as part of an interim peace … Read more
President Trump is extending a waiver of the Jones Act for another 90 days in a bid to lower fuel prices as the war in Iran stretches into its second month, White House press secretary Taylor Rogers said in a statement on X on Friday. The law requires that goods shipped between U.S. ports be … Read more
WASHINGTON — The White House said that Trump issued a 90-day extension to the Jones Act waiver, making it easier for non-American vessels to transport oil and natural gas in the wake of the Iran War. Trump first announced a 60-day waiver in mid-March and the move has been seen as helping to stabilize energy … Read more
NEW YORK — As the U.S. and Israel’s war against Iran continues to upend energy markets and supply chains worldwide, the Trump administration says it might suspend maritime shipping requirements under a more than century-old law known as the Jones Act. The Jones Act requires that goods hauled between U.S. ports be moved on U.S.-flagged … Read more
The Trump administration is prepared to waive the Jones Act to loosen shipping rules as the Iran war continues, the White House said Thursday. The 100-year-old statute requires goods shipped between U.S. ports to be carried on ships that are U.S.-built, U.S.-flagged and U.S.-crewed, and it limits the number of tankers domestic shippers can use. … Read more