Washington, DC – US President Donald Trump announced the suspension of the Jones Maritime Act, granting broad exemptions to the oil and gas sector in a move aimed at easing pressure on domestic and international energy prices amid a rising price crisis.
The White House explained that the new exemptions will facilitate the transportation of fuel between US states and reduce logistical costs for oil and gas companies. This is expected to stabilize prices in domestic markets.
Trump unleashes oil prices: Suspending the Jones Act and granting exemptions to lower prices.
Trump seeks to stabilize energy prices in America
Medhat Elsheikh
Medhat El-Sheikh, editor-in-chief of the Voice of Emirates News Agency office in Cairo, is a seasoned Egyptian journalist with extensive experience both within Egypt and abroad....
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