Trump waives U.S. shipping law for 60 days to steady oil market

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Mar 18, 2026, 02:09 PM
By Kevin Breuninger
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The Trump administration "remains committed to continuing to strengthen our critical supply chains" amid the Iran war, press secretary Karoline Leavitt said.

President Donald Trump issued a 60-day waiver of a longstanding U.S. shipping law in an attempt to stabilize oil markets amid the Iran war, the White House confirmed to CNBC on Wednesday. The tempor… [+547 chars]

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Trump waives U.S. shipping law for 60 days to steady oil market

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

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