2:34 PM in New York
U.S. extends its energy-shipping waiver for 90 days
OfficialShipping, energy & marketsWashington, D.C.
Trump extended for 90 days, from Aug. 17, the Jones Act waiver he first issued on March 17, letting foreign-flagged ships carry oil, fuels, fertilizer and related cargo between U.S. ports. Unlike earlier extensions it covers only energy and agricultural cargo, and the Pentagon will consult the Maritime Administration on which voyages qualify.
Why it matters The White House said the waiver has increased domestic deliveries of gasoline, diesel and jet fuel; extending it signals Washington expects the Hormuz disruption to last.
Sources: Associated Press, CBS News