What is the Jones Act and why is the Trump administration considering a shipping waiver now — could it stabilize U.S. fuel supply and oil prices?

What is the Jones Act and why is the Trump administration considering a shipping waiver now: Oil surged above $100 per barrel this week. Markets reacted fast. The Iran–Israel tensions now threaten nearly 20% of global crude supply moving through the Strait of Hormuz. This route carries about 20 million barrels of oil per day. Any disruption shakes the global oil market. The Trump administration is preparing a possible Jones Act waiver. The Jones Act blocks foreign ships from carrying fuel between...