President Donald Trump issued a 60-day waiver of U.S. shipping rules to stabilize oil markets during the Iran war, reported by CNBC, citing confirmation from the White House.
BREAKING: Trump waives Jones Act for 60 days in bid to allow oil, other resources to flow to US ports unimpeded pic.twitter.com/80DP0biMts
— Fox News (@FoxNews) March 18, 2026
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Oil Prices Surge After Strikes On Iran Energy Facilities
Oil and gas prices surged after reported strikes on Iran’s energy production facilities, marking a sharp escalation in the ongoing conflict, reported by CNN. Brent crude rose over 4% to about $108 a barrel, while US benchmark WTI climbed to $97. Natural gas prices in Europe and Asia also
TIPP Staff
