Energy prices rise despite Jones Act suspension by Trump

Oil prices have continued to rise a month after US President Donald Trump issued a waiver for the Jones Act, which bars foreign-flagged vessels from transporting goods between US ports. Experts estimate that the waiver's impact on energy costs is minimal, with a projected decrease of only 3 cents on the East Coast. Brent prices reached $101.03 per barrel due to the US blockade of Iranian ports, disrupting transit through the Strait of Hormuz.