Back to today’s briefing

Story perspectives

Trump Grants 90-Day Jones Act Waiver to Lower Fuel Prices

8/11/2026

24 3 Full Breakdown

Summary

Story summary

U.S. President Donald Trump issued a 90-day Jones Act waiver extension to reduce fuel costs by permitting ships to move gasoline, diesel, crude oil and fertilizer between U.S. ports.
U.S. gasoline averaged $4.01 per gallon, 87 cents higher than a year earlier.
The White House linked prices to Iran’s blockade of the Strait of Hormuz and noted the emergency oil reserve fell below 300 million barrels, not seen since the 1980s.

1 of 1

Story summary

U.S. President Donald Trump issued a 90-day Jones Act waiver extension to reduce fuel costs by permitting ships to move gasoline, diesel, crude oil and fertilizer between U.S. ports.
U.S. gasoline averaged $4.01 per gallon, 87 cents higher than a year earlier.
The White House linked prices to Iran’s blockade of the Strait of Hormuz and noted the emergency oil reserve fell below 300 million barrels, not seen since the 1980s.