The Trump administration extended the existing Jones Act shipping waiver by 90 days beyond its previous May 17 expiration, pushing it to mid-August. The waiver allows foreign-flagged vessels to transport oil, fuel and fertilizer between U.S. ports, extending a policy intended to ease domestic shipping constraints for key commodities. Earlier reporting on the topic also noted declines in WTI and Brent crude prices and lower Polymarket odds for the Strait of Hormuz reopening, though the new update centers on the extension’s duration and scope.