Trump's 60-Day Jones Act Waiver Fails To Lower Oil Prices

News Image
Read full story

Published: 2 hours ago

President Trump issued a 60-day waiver of the Jones Act following Strait of Hormuz closure and severe oil supply disruptions. The waiver allows foreign ships to transport goods between U.S. ports but has not achieved the intended oil price reduction. This development affects USD strength as higher oil prices could increase inflation pressures and impact Federal Reserve policy decisions. Commodity currencies may see relative weakness against the dollar if oil supply issues persist.

Nothing to see yet 😢