Move comes as president attempts to mitigate rising price of oil while carrying out war on Iran

The Trump administration "remains committed to continuing to strengthen our critical supply chains" amid the Iran war, press secretary Karoline Leavitt said.

Move comes as president attempts to mitigate rising price of oil while carrying out war on Iran

President Donald Trump issued a 60-day temporary waiver of the 106-year-old maritime law known as the Jones Act to battle rising gas prices.

Lifting the Jones Act temporarily allows foreign ships to transport cargo across the US, but critics question efficacy.

The move allows foreign-flagged vessels to transport goods between US ports for the next 60 days.

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent said.

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent posted on X.

The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the…