Trump’s next move to stop oil’s surge may involve a shipping law from 1920

The White House is considering waiving the Jones Act, a shipping law from 1920, in an effort to stabilize rising oil prices. This move aims to ensure that energy and agricultural products can flow more freely to U.S. ports. The potential waivers could alleviate supply chain issues caused by the current surge in oil prices. Analysts believe that this could lead to a decrease in domestic oil prices, benefiting consumers and industries reliant on energy. Overall, the news indicates government intervention to manage the impacts of rising oil costs on the U.S. economy.