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US moves toward renewing Jones Act shipping exemption
Trucks

US moves toward renewing Jones Act shipping exemption

July 15, 2026 2:02 pm, EDT The Ohio chemical and oil products tanker unloads cargo at the Port of Long Beach, California, on May 7. (Tim Rue/Bloomberg) key takeaways: Trump administration officials are considering expanding Jones Act exemptions that have eased domestic shipping restrictions for energy products amid disruptions linked to the renewed conflict in

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Treasury revokes exemption for Iranian oil sales
Trucks

Treasury revokes exemption for Iranian oil sales

(Majid Saeedi/Getty Images) July 7, 2026 4:00 pm, EDT key takeaways: The Treasury Department revoked Iranian oil sales waivers effective July 7 following the tanker attacks in the Strait of Hormuz. Oil prices rose as the move threatened a 60-day peace accord, stoking supply fears and stoking market volatility. Negotiators are working toward a final

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