White House suspends the Jones Act for 60 days. Analysts see a gas price impact of 3 cents

As the U.S. and Israel’s war against Iran continues to upend energy markets and supply chains worldwide, the Trump administration says it will temporarily waive maritime shipping requirements under a more than century-old law known as the Jones Act.

The Jones Act requires that goods hauled between U.S. ports be moved on U.S.-flagged vessels. Passed in 1920, this law aims to protect the American shipping sector — but it’s also faced criticism over the years for slowing the delivery of goods...