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August 10, 2026

Trump Extends Jones Act Waiver Amid Historic Low U.S. Oil Reserves

  • The U.S. Strategic Petroleum Reserve has dropped to 298.7 million barrels, the lowest since the 1980s.
  • This waiver now applies only to vessels transporting specific energy resources amid rising oil prices.
  • The extension comes as the U.S. faces significant oil supply challenges due to ongoing conflicts.

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