Trump’s Jones Act waiver tests energy markets and tanker stocks

President Trump issued a 60-day waiver of the Jones Act to allow foreign-flagged tankers to carry fuel to U.S. refineries, aiming to ease supply disruptions amid Iran-related tensions. The move is described by the White House as boosting flow of vital resources, and it is the broadest Jones Act waiver in years, but analysts say near-term price effects may be modest. Oil prices rose on geopolitical developments, while Kinder Morgan (KMI), the largest U.S. tanker operator, traded lower as investors reassessed the policy’s impact on shipping costs and contracts.