Rising Oil Prices Persist Despite Jones Act Waiver Amid Strait of Hormuz Conflict

Energy prices continue to soar weeks after the U.S. government temporarily suspended the Jones Act to ease supply pressures. The 60-day waiver, enacted by President Trump on March 18, allowed foreign-flagged vessels to transport goods between U.S. ports, bypassing a long-standing maritime law designed to protect the U.S. shipping industry. Officials hoped the suspension would mitigate skyrocketing energy costs triggered by the ongoing U.S.-Israel conflict with Iran. But nearly a month into the m