00:00President Trump issued a 60-day waiver of the Jones Act in response to instability in oil markets
00:05caused by the Iran war. The White House confirmed the decision to CNBC on Wednesday
00:11with Press Secretary Carolyn Levitt releasing an official statement. The suspension is designed
00:16to allow essential resources including oil, natural gas, fertilizer and coal to flow freely
00:22into U.S. ports during the waiver period. The Trump administration positioned the move as a
00:28temporary but necessary measure to protect American energy access during a period of geopolitical
00:34tension. The White House also emphasized that the administration remains focused on the long-term
00:40goal of strengthening critical U.S. supply chains.
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